Fiscal Note - State of Utah - 2012 General Session

HB0367S02 - Trust Lands Amendments

State Government (UCA 36-12-13(2)(b)):
Enacting this bill shifts appropriations of about $104,400 per year for the School LAND Trust Program from mineral lease revenue to the Interest and Dividends Account. The State Board of Education would still have discretion over the anticipated $104,400 in federal mineral lease revenue.

State Budget Detail TableFY 2012FY 2013FY 2014
Restricted Funds$0$104,400$104,400
   Total Expenditure$0$104,400$104,400
Net Impact, All Funds (Rev.-Exp.)$0($104,400)($104,400)
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

Local Governments (UCA 36-12-13(2)(c)):
School community councils and charter school advisory boards may see a decrease in funding from the Interest and Dividends Account by up to $104,400 per year.

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.

3/8/2012, 3:07:56 PM, Lead Analyst: Djambov, I./Attny: RLROffice of the Legislative Fiscal Analyst