Fiscal Note - State of Utah - 2011 General Session
SB0151S01 - Real Estate Transactions and Securities
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill is expected to result in the additional collection of approximately $50,000 in fines and penalties, deposited into the Securities Investor Education and Training Fund. Balances in this fund that exceed $100,000 are transferred to the General Fund.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | $50,000 | $50,000 |
| Total Revenue | $0 | $50,000 | $50,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $50,000 | $50,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $50,000 | $50,000 |
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)):
An estimated seven individuals who participate in securities transactions in violation of the provisions of this legislation will incur new fines averaging $7,000 .
| 2/15/2011, 5:45:22 PM, Lead Analyst: Pratt, S./Attny: PO | Office of the Legislative Fiscal Analyst |