Fiscal Note - State of Utah - 2014 General Session
HB0316 - Financial Institutions Fee Amendments
State Government (UCA 36-12-13(2)(b)):
Beginning FY 2015, enactment of this bill could decrease fee revenue to the General Fund Restricted - Financial Institutions Account by about $1,541,000 per year.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Restricted Funds | $0 | ($1,541,000) | ($1,541,000) |
| Total Revenue | $0 | ($1,541,000) | ($1,541,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($1,541,000) | ($1,541,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $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)):
State-chartered depository institutions could see a reduction in their annual fee paid to the Department of Financial Institutions by about $1,541,000 statewide. The individual institution's savings would range from between $1 and $71,000 depending on its size. About 13 smaller depository institutions would see no change in their annual fee.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/7/2014, 3:16:34 PM, Lead Analyst: King, Z./Attny: PO | Office of the Legislative Fiscal Analyst |