Fiscal Note - State of Utah - 2014 General Session
SB0055 - Pharmaceutical Dispensing Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $187,800 annually as an estimated 1,067 pharmacists and 352 pharmacy facilities pay license fees under the provisions of the bill. Costs to the Department of Commerce to implement the regulatory functions required in the bill would be $153,500 annually and one-time expenditures of $18,400 in FY 2015. 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 | $15,900 | $34,300 |
| Commerce Service Fund | $0 | $153,500 | $153,500 |
| Commerce Service, One-time | $0 | $18,400 | $0 |
| Total Revenue | $0 | $187,800 | $187,800 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $153,500 | $153,500 |
| Commerce Service, One-time | $0 | $18,400 | $0 |
| Total Expenditure | $0 | $171,900 | $153,500 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $15,900 | $34,300 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $15,900 | $34,300 |
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 1,067 pharmacists could pay a license fee of $110. Additionally, 352 pharmacy facilities are expected to pay a facility fee of $200 for dispensing.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/10/2014, 10:30:03 AM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |