Fiscal Note - State of Utah - 2014 General Session
SB0247 - Utah Navajo Royalties Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill creates the Navajo Trust Fund and transfers assets from the Utah Navajo Royalties Holding Account. The bill could cost $2,169,000 ongoing beginning FY 2015 from the newly created Navajo Trust Fund, less a one-time reduction of $710,000 in FY 2015. The expenditures include payment for travel and meetings expenses of the board of trustees and the Dineh Committee; student scholarships; and projects of the seven Utah Navajo Chapters of the Navajo Nation.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Trust & Agency Funds | $0 | $2,169,000 | $2,169,000 |
| Trust & Agency Funds | $0 | ($710,000) | $0 |
| Total Expenditure | $0 | $1,459,000 | $2,169,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($1,459,000) | ($2,169,000) |
| 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 likely will not result in direct, measurable expenditures by Utah residents or businesses.
Performance Note Required? (Joint Rule 4-2-404): Yes
| 2/28/2014, 2:58:11 PM, Lead Analyst: Ricks, G./Attny: PO | Office of the Legislative Fiscal Analyst |