Fiscal Note - State of Utah - 2014 General Session

HB0324S01 - Ortho-bionomy Exemption Amendments

State Government (UCA 36-12-13(2)(b)):
Decreased license and citation revenue could reduce revenue to the Commerce Service Fund by $4,500 annually. Additionally, a potential reduction in dedicated credits from background checks of $1,400 could occur. There will be a corresponding reduction in associated costs for these background checks. Increased costs to review and certify license exemptions can be offset against a decreased cost from citation reviews resulting in a net cost to the Department of Commerce of $7,600 annually. Spending from the Commerce Service Fund affects annual transfers to the General Fund.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue:   
General Fund$0($12,100)($12,100)
Dedicated Credits$0($1,400)($1,400)
Commerce Service Fund$0$7,600$7,600
   Total Revenue$0($5,900)($5,900)
    
Expenditure:   
Dedicated Credits$0($1,400)($1,400)
Commerce Service Fund$0$7,600$7,600
   Total Expenditure$0$6,200$6,200
    
Net Impact, All Funds (Rev.-Exp.)$0($12,100)($12,100)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($12,100)($12,100)

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)):
An estimated 34 applicants could become exempt saving each $100.

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

2/26/2014, 2:34:45 PM, Lead Analyst: Wilko, A./Attny: PLAOffice of the Legislative Fiscal Analyst