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Fiscal Note - State of Utah - 2011 General Session

SB0210S01 - Utah Postsecondary Proprietary School Act Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this legislation will result in annual revenue of $145,500. Ongoing Commerce Department expenses associated with the new exemption are estimated at $133,200. Commerce Service Fund revenue and expenditures affect the annual transfer to the General Fund. As such, this bill will result in the increase in the annual transfer to the General Fund of $12,300.

State Budget Detail TableFY 2011FY 2012FY 2013
Revenue:   
General Fund$0$12,300$12,300
Commerce Service Fund$0$133,200$133,200
   Total Revenue$0$145,500$145,500
    
Expenditure:   
Commerce Service Fund$0$133,200$133,200
   Total Expenditure$0$133,200$133,200
    
Net Impact, All Funds (Rev.-Exp.)$0$12,300$12,300
   Net Impact, General/Education Funds (Rev.-Exp.)$0$12,300$12,300

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 legislation is expected to result in 97 proprietary school campuses requesting exemption, paying an average annual fee of $1,500.

3/4/2011, 9:22:46 AM, Lead Analyst: Pratt, S./Attny: RHROffice of the Legislative Fiscal Analyst