Fiscal Note - State of Utah - 2014 General Session
HB0263 - Use of Business Names
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $3,000 annually as revenue is generated from the certified copies provided. Costs to the Commerce Department to provide certified copies and answer inquiries could be $5,100 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 | ($2,100) | ($2,100) |
| Commerce Service Fund | $0 | $5,100 | $5,100 |
| Total Revenue | $0 | $3,000 | $3,000 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $5,100 | $5,100 |
| Total Expenditure | $0 | $5,100 | $5,100 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($2,100) | ($2,100) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($2,100) | ($2,100) |
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)):
Individuals asserting another individual is in violation of the law by use of a name registered with the Division of Commercial Code will pay $12 to obtain a certified copy. An estimated 250 individuals could apply for the certified copy.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/15/2014, 8:08:11 AM, Lead Analyst: Wilko, A./Attny: PO | Office of the Legislative Fiscal Analyst |