Fiscal Note - State of Utah - 2014 General Session
HB0113 - Pharmacy Benefit Manager Amendments
State Government (UCA 36-12-13(2)(b)):
Costs to the Department of Insurance to issue and regulate licenses is estimated at $38,800 annually. The Department of Insurance cost for rule development is $800 one-time. The bill allows for fees to be charged to cover the costs of regulation, resulting in an estimated $38,800 in fee revenue to the Insurance Department Restricted Account. Spending from the Insurance Department Restricted Account affects annual transfers to the General Fund.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund, One-Time | $0 | ($800) | $0 |
| Restricted Funds | $0 | $800 | $0 |
| Restricted Funds | $0 | $38,800 | $38,800 |
| Total Revenue | $0 | $38,800 | $38,800 |
| Expenditure: | |||
| Restricted Funds | $0 | $38,800 | $38,800 |
| Restricted Funds | $0 | $800 | $0 |
| Total Expenditure | $0 | $39,600 | $38,800 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($800) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($800) | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
An estimated 10 licensees could pay a fee of $3,880 each.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/10/2014, 6:05:04 PM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |