 | Fiscal NoteS.B. 84 2024 General Session Governor's Office of Economic Opportunity Amendments by Cullimore, K |  |
General, Income Tax, and Uniform School FundsJR4-4-101
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
State GovernmentUCA36-12-13(2)(c)
| Revenues | FY 2024 | FY 2025 | FY 2026 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| Expenditures | FY 2024 | FY 2025 | FY 2026 |
| Federal Funds, One-time | $0 | $317,000,000 | $0 |
| Beginning Nonlapsing | $0 | $0 | $253,600,000 |
| Closing Nonlapsing | $0 | $(253,600,000) | $(190,200,000) |
| Total Expenditures | $0 | $63,400,000 | $63,400,000 |
Enactment of this legislation could cost the Governor''s Office of Economic Opportunity (GOEO) $63,400,000 per year in Federal Funds, up to $317 million in federal funds over five years, for grants authorized in this bill. GOEO indicates that it can absorb these costs within existing federal grants.
| FY 2024 | FY 2025 | FY 2026 | |
| Net All Funds (rev-exp) | $0 | $(63,400,000) | $(63,400,000) |
Local GovernmentUCA36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Individuals & BusinessesUCA36-12-13(2)(c)
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Regulatory ImpactUCA36-12-13(2)(d)
Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.
Performance EvaluationJR1-4-601
This bill does not create a new program or significantly expand an existing program.