Fiscal Note - State of Utah - 2012 General Session
HB0303 - Insurance Coverage for Children with Hearing Impairments
State Government (UCA 36-12-13(2)(b)):
Enacting this bill will likely cost the state $195,000 ongoing from various funds for health insurance premiums. The bill may cost public education about $165,000 from the Education Fund presuming the state pays this cost. It will also cost the Insurance Department about $6,700 one-time from the Insurance Department Restricted Account to review plans and rules. Insurance Department Restricted Account revenues and expenditures affect the annual transfer to the General Fund.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| General Fund, One-Time | $0 | ($6,700) | $0 |
| Restricted Funds | $0 | $6,700 | $0 |
| Total Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| General Fund | $0 | $68,200 | $68,200 |
| Education Fund | $0 | $165,000 | $165,000 |
| Transportation Fund | $0 | $5,900 | $5,900 |
| Federal Funds | $0 | $72,100 | $72,100 |
| Dedicated Credits | $0 | $25,400 | $25,400 |
| Restricted Funds | $0 | $30,100 | $23,400 |
| Total Expenditure | $0 | $366,700 | $360,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($366,700) | ($360,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($239,900) | ($233,200) |
Local Governments (UCA 36-12-13(2)(c)):
Enacting this bill could increase local government costs to provide the required additional coverage.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Utah businesses and individuals should see higher insurance premium costs to provide the required additional coverage. There will be a corresponding benefit to eligible individuals.
| 2/2/2012, 11:00:37 AM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |