Fiscal Note - State of Utah - 2014 General Session
SB0077 - Pharmacy Practice Act Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $50,000 and Dedicated Credit Revenue by $40,000 annually. Costs to the Commerce Department to administer and maintain the new licenses could be $53,300 annually. The Dedicated Credit Revenue could be used to pay for background checks of licensees. 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 | ($3,300) | ($3,300) |
| Dedicated Credits | $0 | $40,000 | $40,000 |
| Commerce Service Fund | $0 | $53,300 | $53,300 |
| Total Revenue | $0 | $90,000 | $90,000 |
| Expenditure: | |||
| Dedicated Credits | $0 | $40,000 | $40,000 |
| Commerce Service Fund | $0 | $53,300 | $53,300 |
| Total Expenditure | $0 | $93,300 | $93,300 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($3,300) | ($3,300) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($3,300) | ($3,300) |
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 1,000 pharmacy training technicians could apply for a $50 license and would pay $40 for background checks.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/7/2014, 9:53:13 AM, Lead Analyst: Wilko, A./Attny: SJ | Office of the Legislative Fiscal Analyst |