Fiscal Note - State of Utah - 2014 General Session

HB0131S03 - Public Education Modernization Act

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill appropriates $150,000,000 ongoing in FY 2015 from the General Fund and $50,000,000 one-time from the Education Fund for implementation of the Public Education Modernization Program.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue$0$0$0
    
Expenditure:   
General Fund$0$150,000,000$150,000,000
Education Fund, One-Time$0$50,000,000$0
   Total Expenditure$0$200,000,000$150,000,000
    
Net Impact, All Funds (Rev.-Exp.)$0($200,000,000)($150,000,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($200,000,000)($150,000,000)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill allocates $200,000,000 in FY 2015 for a new grant program aimed at increasing technology usage in school districts and charter schools.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

Performance Note Required? (Joint Rule 4-2-404): No

3/8/2014, 10:29:04 AM, Lead Analyst: Young, T./Attny: TJNOffice of the Legislative Fiscal Analyst