Fiscal Note - State of Utah - 2011 General Session
HB0225 - Condominium and Community Association Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this legislation will result in Commerce Service Fund revenue and expenditures of $79,700 in the first year, and $70,100 annually thereafter.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| Commerce Service Fund | $0 | $70,100 | $70,100 |
| Commerce Service, One-time | $0 | $9,600 | $0 |
| Total Revenue | $0 | $79,700 | $70,100 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $70,100 | $70,100 |
| Commerce Service, One-time | $0 | $9,600 | $0 |
| Total Expenditure | $0 | $79,700 | $70,100 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $0 |
| 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 and/or benefits for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of the legislation will require additional filing for certain management companies. Individuals who become agents will also incur a filing fee. Fees will be set at a level sufficient to raise $79,700 in FY 2012 and $70,100 in FY 2013.
| 1/22/2011, 11:41:31 AM, Lead Analyst: Pratt, S./Attny: RHR | Office of the Legislative Fiscal Analyst |