Fiscal Note - State of Utah - 2012 General Session
HB0506 - Martin Luther King, Jr. Special Group License Plate
State Government (UCA 36-12-13(2)(b)):
If 500 individuals donate $35 each year for the bill's provisions, revenue to the new Martin Luther King, Jr. Civil Rights Support Restricted Account would be $17,500 annually; annual Dedicated Credits revenue would be $2,000 for license plate production, and annual Transportation Fund revenue would be $500. Start-up costs for the program have been met by private donation(s).
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| General Fund Restricted | $0 | $17,500 | $17,500 |
| Transportation Fund | $0 | $500 | $500 |
| Dedicated Credits | $0 | $2,000 | $2,000 |
| Total Revenue | $0 | $20,000 | $20,000 |
| Expenditure: | |||
| General Fund Restricted | $0 | $17,500 | $17,500 |
| Dedicated Credits | $0 | $2,000 | $2,000 |
| Total Expenditure | $0 | $19,500 | $19,500 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $500 | $500 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
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)):
About 500 individuals and businesses are expected to contribute $35 for a Martin Luther King, Jr. Civil Rights Support special group license plate.
| 3/5/2012, 8:43:30 AM, Lead Analyst: King, Z./Attny: SCH | Office of the Legislative Fiscal Analyst |