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 TableFY 2011FY 2012FY 2013
Restricted Funds$0$5,000$5,000
   Total Revenue$0$5,000$5,000
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: POOffice of the Legislative Fiscal Analyst