Fiscal Note - State of Utah - 2014 General Session

HB0114 - Mail-order Wholesale Drug Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $43,800 annually and by $58,400 one-time every other year as an estimated 730 non-resident pharmacies apply for licenses over the two year period. Costs to the Department of Commerce to process the licenses, ensuring compliance, and investigate the applicants could be $41,000 annually. Spending from the Commerce Service Fund affects annual transfers to the General Fund.

State Budget Detail TableFY 2014FY 2015FY 2016
General Fund$0$2,800$2,800
General Fund, One-Time$0$58,400$0
Commerce Service Fund$0$41,000$41,000
   Total Revenue$0$102,200$43,800
Commerce Service Fund$0$41,000$41,000
   Total Expenditure$0$41,000$41,000
Net Impact, All Funds (Rev.-Exp.)$0$61,200$2,800
   Net Impact, General/Education Funds (Rev.-Exp.)$0$61,200$2,800

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)):
Enactment of this bill could result in 730 non-resident pharmacies applying for a $200 license over a period of two years.

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

2/10/2014, 10:25:08 AM, Lead Analyst: Wilko, A./Attny: CJDOffice of the Legislative Fiscal Analyst