Fiscal Note - State of Utah - 2014 General Session
SB0124 - Financial Institution and Services Amendments
State Government (UCA 36-12-13(2)(b)):
Beginning FY 2015, enactment of this bill could decrease fee revenue to the General Fund Restricted - Financial Institutions Account by about $91,200 per year.
|State Budget Detail Table||FY 2014||FY 2015||FY 2016|
|Net Impact, All Funds (Rev.-Exp.)||$0||($91,200)||($91,200)|
|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)):
Enactment of this bill restructures the fee paid by 70C lenders to the Department of Financial Institutions. The smaller 70C lenders could have their fee increase from $25 to $100 annually. The Larger 70C lenders could have their fee decrease by as much as $17,000 to $100. The bill could impact about 158 lenders per year.
Performance Note Required? (Joint Rule 4-2-404): No
|1/22/2014, 11:15:13 AM, Lead Analyst: King, Z./Attny: PO||Office of the Legislative Fiscal Analyst|