Fiscal Note - State of Utah - 2014 General Session
HB0114 - Mail-order Wholesale Drug Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $43,800 annually and by $58,400 one-time every other year as an estimated 730 non-resident pharmacies apply for licenses over the two year period. Costs to the Department of Commerce to process the licenses, ensuring compliance, and investigate the applicants could be $41,000 annually. Spending from the Commerce Service Fund affects annual transfers to the General Fund.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | $2,800 | $2,800 |
| General Fund, One-Time | $0 | $58,400 | $0 |
| Commerce Service Fund | $0 | $41,000 | $41,000 |
| Total Revenue | $0 | $102,200 | $43,800 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $41,000 | $41,000 |
| Total Expenditure | $0 | $41,000 | $41,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $61,200 | $2,800 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $61,200 | $2,800 |
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)):
Enactment of this bill could result in 730 non-resident pharmacies applying for a $200 license over a period of two years.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/10/2014, 10:25:08 AM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |