Fiscal Note - State of Utah - 2011 Third Special Session
HB3003 - Workers' Compensation and Unincorporated Entities Amendments
State Government (UCA 36-12-13(2)(b)):
The Bill will generate $5,000 in Restricted Fund revenues to the Labor Commission annually beginning FY 2012 from the sale of Workers' Compensation Waivers to 100 unincorporated entities at $50 each. The bill will cost the Labor Commission $5,000 annually beginning FY 2012 to process the sale of Workers' Compensatin Waivers.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| Restricted Funds | $0 | $5,000 | $5,000 |
| Total Revenue | $0 | $5,000 | $5,000 |
| Expenditure: | |||
| Restricted Funds | $0 | $5,000 | $5,000 |
| Total Expenditure | $0 | $5,000 | $5,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
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)):
The bill will cost 100 unincorporated entities $50 each for a total of $5,000 beginning FY 2012. Unincorporated entities will save the difference between the $50 fee and the cost of workers' compensation insurance.
| 10/3/2011, 2:51:03 PM, Lead Analyst: Ricks, G./Attny: PO | Office of the Legislative Fiscal Analyst |