Fiscal Note - State of Utah - 2012 General Session

HB0042 - Permanent Community Impact Fund Board Grants

State Government (UCA 36-12-13(2)(b)):
Enacting this bill will cause a minimum shift of at least $1,100,000 between mineral lease projects statewide.

Local Governments (UCA 36-12-13(2)(c)):
Local entities impacted by changes in certain sales tax distributions would be eligible for Permanent Community Impact Funds. Eligible municipalities should experience a $1,100,000 benefit in mineral lease revenue. The mineral lease benefit would be offset with a corresponding reduction in local sales tax revenue distributions.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.