COBI 2015 - Title Insurance Recovery Education and Research Fund

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The Title Insurance Recovery Education and Research Fund was established to investigate violations of the insurance statute, conduction education and research in the field of title insurance or to pay for costs of a title insurance financial records examination. Funds may also be used to pay title insurance claims.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $59,500 from all sources for Title Insurance Recovery Education and Research Fund. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Title Insurance Recovery Education and R	0	0	0	7,400	0	59,500	59,500	0	59,500
Total	$0	$0	$0	$7,400	$0	$59,500	$59,500	$0	$59,500

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	0	0	0	40,800	0	42,500	42,500	0	42,500
Beginning Nonlapsing	0	0	0	406,300	0	439,700	439,700	(59,500)	380,200
Closing Nonlapsing	0	0	0	(439,700)	0	(380,200)	(380,200)	17,000	(363,200)
Lapsing Balance	0	0	0	0	0	(42,500)	(42,500)	42,500	0
Total	$0	$0	$0	$7,400	$0	$59,500	$59,500	$0	$59,500

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	0	0	1,200	0	1,500	1,500	0	1,500
In-state Travel	0	0	0	3,700	0	4,000	4,000	0	4,000
Out-of-state Travel	0	0	0	1,800	0	2,000	2,000	0	2,000
Current Expense	0	0	0	700	0	52,000	52,000	0	52,000
Total	$0	$0	$0	$7,400	$0	$59,500	$59,500	$0	$59,500

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.