Fiscal Note - State of Utah - 2014 General Session

HB0113S02 - Pharmacy Benefit Manager Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase license revenue to the Commerce Service Fund by $3,000 annually. Costs to the Commerce Department process, track, notify applicants, and mail applications could be $2,000 annually from the Commerce Service Fund.

State Budget Detail TableFY 2014FY 2015FY 2016
General Fund$0$1,000$1,000
Commerce Service Fund$0$2,000$2,000
   Total Revenue$0$3,000$3,000
Commerce Service Fund$0$2,000$2,000
   Total Expenditure$0$2,000$2,000
Net Impact, All Funds (Rev.-Exp.)$0$1,000$1,000
   Net Impact, General/Education Funds (Rev.-Exp.)$0$1,000$1,000

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)):
Pharmacy benefit managers could pay annual fees of $100.

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

3/4/2014, 1:41:26 PM, Lead Analyst: Wilko, A./Attny: CJDOffice of the Legislative Fiscal Analyst