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 Table | FY 2011 | FY 2012 | FY 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: RHR | Office of the Legislative Fiscal Analyst |