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Fiscal Note - State of Utah - 2011 General Session

SB0177 - Security Agency Qualification Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will reduce state General Fund revenue by $6,200 annually beginning FY 2012 as the result of lost fees from out-of-state private investigators.

State Budget Detail TableFY 2011FY 2012FY 2013
Revenue:   
General Fund$0($6,200)($6,200)
   Total Revenue$0($6,200)($6,200)
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0($6,200)($6,200)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($6,200)($6,200)

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)):
Approximately 20 private investigators may spend an additional $2,400 to purchase required liability insurance, for a net impact of $48,000 each year.

3/4/2011, 4:23:17 PM, Lead Analyst: Ricks, G./Attny: SCAOffice of the Legislative Fiscal Analyst