Fiscal Note - State of Utah - 2014 General Session

SB0210 - Prescription Synchronization

State Government (UCA 36-12-13(2)(b)):
Costs to the Department of Insurance to promulgate rules could be $4,700 in FY 2015. Spending from the Insurance Department Restricted Accounts affects annual transfers to the General Fund. Costs to PEHP related to the copay factor could be $630,000 annually distributed as follows: $296,300 General Fund, $28,300 Education Fund, $47,200 Transportation Fund, $47,200 General Fund Restricted, $105,500 federal funds, $42,100 Dedicated Credits Revenue, and $68,100 Other Funds.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue:   
General Fund, One-Time$0($4,700)$0
Restricted Funds$0$4,700$0
   Total Revenue$0$0$0
    
Expenditure:   
General Fund$0$296,300$296,300
General Fund Restricted$0$42,500$42,500
Education Fund$0$28,300$28,300
Transportation Fund$0$47,200$47,200
Federal Funds$0$105,500$105,500
Dedicated Credits$0$42,100$42,100
Restricted Funds$0$4,700$0
Other$0$68,100$68,100
   Total Expenditure$0$634,700$630,000
    
Net Impact, All Funds (Rev.-Exp.)$0($634,700)($630,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($329,300)($324,600)

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 likely will not result in direct, measurable expenditures by Utah residents or businesses.

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

2/21/2014, 7:05:45 AM, Lead Analyst: Wilko, A./Attny: CJDOffice of the Legislative Fiscal Analyst