Fiscal Note - State of Utah - 2014 General Session
SB0124 - Financial Institution and Services 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 $91,200 per year.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Restricted Funds | $0 | ($91,200) | ($91,200) |
| Total Revenue | $0 | ($91,200) | ($91,200) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($91,200) | ($91,200) |
| 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)):
Enactment of this bill restructures the fee paid by 70C lenders to the Department of Financial Institutions. The smaller 70C lenders could have their fee increase from $25 to $100 annually. The Larger 70C lenders could have their fee decrease by as much as $17,000 to $100. The bill could impact about 158 lenders per year.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/22/2014, 11:15:13 AM, Lead Analyst: King, Z./Attny: PO | Office of the Legislative Fiscal Analyst |