Fiscal Note - State of Utah - 2013 General Session

HB0043S01 - Campaign Finance Reporting by Corporations

State Government (UCA 36-12-13(2)(b)):
Enacting this bill will cost the Lieutenant Governor's Office $44,000 in one-time General Fund in FY 2014 to reprogram the financial disclosure website and $20,000 in ongoing General Fund for half an FTE to implement, monitor, review, and enforce the new provisions.

State Budget Detail TableFY 2013FY 2014FY 2015
General Fund$0$20,000$20,000
General Fund, One-Time$0$44,000$0
   Total Expenditure$0$64,000$20,000
Net Impact, All Funds (Rev.-Exp.)$0($64,000)($20,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($64,000)($20,000)

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)):
Some corporations may incur additional costs to comply with the additional data collection, reporting, and notification requirements.

Performance Note Required? (Joint Rule 4-2-404): No

2/22/2013, 10:58:40 AM, Lead Analyst: Fay, B/Attny: TRVOffice of the Legislative Fiscal Analyst