Fiscal Note - State of Utah - 2012 General Session
SB0152 - Charter School Financing
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill appropriates $3,000,000 one-time from the Education Fund to the Charter School Reserve Account in Fiscal Year 2013. Enactment of this bill could increase the state's indirect credit obligation up to $253 million.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Education Fund, One-Time | $0 | $3,000,000 | $0 |
| Total Expenditure | $0 | $3,000,000 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($3,000,000) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($3,000,000) | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Charter schools may see a decrease in debt service costs; for every 1% reduction in interest rates, a charter school would save about $49,000 per $1,000,000 in debt on a 30 year bond.
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.
| 2/6/2012, 12:50:08 PM, Lead Analyst: Young, T./Attny: AOS | Office of the Legislative Fiscal Analyst |