Fiscal Note - State of Utah - 2012 General Session
HB0284S01 - Regents' Scholarship Program Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will qualify approximately 5,000 additional students for the Regents' Scholarship. At the current scholarship level of $1,250 per semester, the impact of the legislation would be $12.5 million. With the addition of 5,000 scholarships, administrative costs are expected to increase by $100,000.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| General Fund | $0 | $12,600,000 | $12,600,000 |
| Total Expenditure | $0 | $12,600,000 | $12,600,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($12,600,000) | ($12,600,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($12,600,000) | ($12,600,000) |
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)):
Enactment of this bill will qualify approximately 5,000 students for the Regents' Scholarship. The bill is not expected to result in direct, measurable expenditures by Utah businesses.
| 2/28/2012, 12:54:40 PM, Lead Analyst: Pratt, S./Attny: AOS | Office of the Legislative Fiscal Analyst |