Fiscal Note - State of Utah - 2012 General Session

HB0506 - Martin Luther King, Jr. Special Group License Plate

State Government (UCA 36-12-13(2)(b)):
If 500 individuals donate $35 each year for the bill's provisions, revenue to the new Martin Luther King, Jr. Civil Rights Support Restricted Account would be $17,500 annually; annual Dedicated Credits revenue would be $2,000 for license plate production, and annual Transportation Fund revenue would be $500. Start-up costs for the program have been met by private donation(s).

State Budget Detail TableFY 2012FY 2013FY 2014
General Fund Restricted$0$17,500$17,500
Transportation Fund$0$500$500
Dedicated Credits$0$2,000$2,000
   Total Revenue$0$20,000$20,000
General Fund Restricted$0$17,500$17,500
Dedicated Credits$0$2,000$2,000
   Total Expenditure$0$19,500$19,500
Net Impact, All Funds (Rev.-Exp.)$0$500$500
   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)):
About 500 individuals and businesses are expected to contribute $35 for a Martin Luther King, Jr. Civil Rights Support special group license plate.

3/5/2012, 8:43:30 AM, Lead Analyst: King, Z./Attny: SCHOffice of the Legislative Fiscal Analyst