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Download Zipped Introduced WP 6.1 HB0359.zip
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AMENDED NOTE
This bill imposes a tax on all retail water users. It is estimated that this will generate $7,271,400 in revenues. The bill also imposes royalties on the harvesting of brine shrimp. It is estimated that this will generate revenues of $1,400,000. These revenues will be deposited into the General Fund Restricted - Species Protection Account, a new fund the bill creates. The bill designates appropriations from the account for the state contribution to the federal "Utah Reclamation Mitigation and Conservation Account" of $3 million required by the Central Utah Project Completion Act and other projects. The total appropriations are estimated at $4.6 million in FY 1998 and FY 1999. The Division of Finance continues to experience increased costs associated with the growth of new funds in State Government. For every 30 funds created, the cost of a new accountant will be included for the fiscal note costs.
| FY 98 Approp. | FY 99 Approp. | FY 98 Revenue | FY 99 Revenue | |
| Restricted Funds | $4,600,000 | $4,600,000 | $8,671,400 | $8,671,400 |
| TOTAL | $4,600,000 | $4,600,000 | $8,671,400 | $8,671,400 |
Office of the Legislative Fiscal Analyst
2/25/97 12:43:25 p.m.
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