COBI 2015 - Corporations and Commercial Code

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

The Corporations and Commercial Code Division is the State's filing office for all corporations, commercial code, business registration, limited partnerships, limited liability companies, notaries public, collection agencies, trademarks, and agricultural liens. The Division registers businesses and provides information, expedites customer needs and makes available its records and data collections for public research.

Through online web applications, the Division of Corporations provides customers with accessible, convenient and responsive service to business name searches, annual business renewals, Uniform Commercial Code (UCC) and agricultural lien filings and searches.

The mission of the division is "to serve business enterprises by providing registration and informational assistance. Additionally, the Division serves the public by facilitating access to all of its records and data. The Division functions as Utah's filing office and repository for all corporations, commercial code filings, business registrations, limited partnerships, limited liability companies, limited liability partnerships, collection agencies, and trademarks."

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $2,533,800 from all sources for Corporations and Commercial Code. This is a 2.4 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Uniform Commercial Code Filing Amendments$0$3,000

OngoingOne-TimeFinancing Source

$0$3,000GFR - Commerce Service, One-time

Enactment of this bill could reduce year-end transfers to the General Fund by $3,000 one-time in FY 2016. Enactment of this legislation could cost Commerce $3,000 one-time from the Commerce Service Fund for rule making, system modification, and data mining. Spending from the Commerce Service Fund impacts year-end transfers to the General Fund.

Statute

The laws that govern the Division of Corporations and Commercial Code can be found in the following chapters of the Utah Code Annotated:

UCA-12 - Collection Agency Statute
UCA-46-1 - Notaries Public Reform Act
UCA-63G-7 - Governmental Immunity Act
UCA-70-3a - Registration and Protection of Trademarks and Service Marks Act
UCA-70A - Uniform Commercial Code

Intent Language

HB0003: Item 67

Under Section 63J-1-603 of the Utah Code, the Legislature intends that appropriations provided for the Office of Consumer Services in Item 22 of Chapter 10, Laws of Utah 2014, lapse to the Offices' Professional and Technical Services Fund at the close of Fiscal Year 2015.

HB0003: Item 67

Under Section 63J-1-603 of the Utah Code, the Legislature intends that appropriations provided for the Department of Commerce, Division of Public Utilities in Item 22 of Chapter 10, Laws of Utah 2014, lapse to the Divisions' Professional and Technical Services Fund at the close of Fiscal Year 2015.

Funding is appropriated primarily from the Commerce Service Fund.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	100	0	0	0	0	0	0	0	0
GFR - Commerce Service	2,312,300	2,307,200	2,347,300	2,404,800	2,454,700	0	2,454,700	59,900	2,514,600
GFR - Commerce Service, One-time	0	0	0	7,400	19,000	0	19,000	200	19,200
Transfers	0	(288,000)	(70,300)	(288,000)	0	0	0	0	0
Lapsing Balance	(397,500)	(30,400)	0	(49,000)	0	0	0	0	0
Total	$1,914,900	$1,988,800	$2,277,000	$2,075,200	$2,473,700	$0	$2,473,700	$60,100	$2,533,800

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	1,725,600	1,761,300	1,815,000	1,821,700	2,030,600	(50,400)	1,980,200	79,900	2,060,100
In-state Travel	0	500	0	0	500	0	500	0	500
Out-of-state Travel	0	1,600	4,700	1,700	5,000	0	5,000	0	5,000
Current Expense	188,700	223,000	449,300	247,600	149,600	50,400	200,000	(20,800)	179,200
DP Current Expense	600	2,400	8,000	4,200	288,000	0	288,000	1,000	289,000
Total	$1,914,900	$1,988,800	$2,277,000	$2,075,200	$2,473,700	$0	$2,473,700	$60,100	$2,533,800

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	36	33	38	33	33	0	33	0	33
Actual FTE	36	32.70	32.30	31	0	0	0	0	0

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.