Fiscal Note - State of Utah - 2013 General Session

HB0245S01 - Consumer Protection Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill would increase revenue to the Consumer Protection Education Fund by $400,000 annually. The increased penalties provided in the bill will increase revenue to the Consumer Protection Education Fund by $491,000 offsetting the potential impact to the General Fund. Dedicated Credits for the Department of Commerce are expected to increase by $10,000 annually due to the background check fees for telemarketing companies. Spending from the Commerce Service Fund affects annual transfers to the General Fund.

State Budget Detail TableFY 2013FY 2014FY 2015
General Fund$0$91,000$91,000
Dedicated Credits$0$10,000$10,000
Restricted Funds$0$400,000$400,000
   Total Revenue$0$501,000$501,000
Dedicated Credits$0$10,000$10,000
   Total Expenditure$0$10,000$10,000
Net Impact, All Funds (Rev.-Exp.)$0$491,000$491,000
   Net Impact, General/Education Funds (Rev.-Exp.)$0$91,000$91,000

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)):
Offenders and suppliers would be subject to additional late fees for a cumulative cost estimated at $491,000 annually. An estimated 250 telemarketers would pay a $40 fee for a criminal background check resulting in a cumulative cost of $10,000.

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

2/6/2013, 11:23:20 AM, Lead Analyst: Wilko, A./Attny: CRGOffice of the Legislative Fiscal Analyst