Fiscal Note - State of Utah - 2012 General Session

HB0275 - Seismic Requirements for Condominium Conversion Projects

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill likely will not materially impact the state budget.

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)):
Building owners who wish to convert their structure to a condominium would incur the cost of the required seismic evaluation and remediation.

1/20/2012, 10:24:39 AM, Lead Analyst: Wilko, A./Attny: RHROffice of the Legislative Fiscal Analyst