Fiscal Note - State of Utah - 2011 General Session

HB0287S02 - Restructuring of the Department of Community and Culture

State Government (UCA 36-12-13(2)(b)):
The bill would save GOED $104,400 in Private Activity Bond Dedicated Credits currently used for administration in Housing and Community Development. It would cost Housing and Community Development that same $104,400 from the General Fund. A subsequent General Fund reallocation from GOED to HCD could make the reorganization directed by the bill revenue neutral.

State Budget Detail TableFY 2011FY 2012FY 2013
Revenue$0$0$0
    
Expenditure:   
General Fund$0$104,400$104,400
Dedicated Credits$0($104,400)($104,400)
   Total Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$0$0
   Net Impact, General/Education Funds (Rev.-Exp.)$0($104,400)($104,400)

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.

3/1/2011, 8:36:56 AM, Lead Analyst: Wilko, A./Attny: JLWOffice of the Legislative Fiscal Analyst