H.B. 230 2nd Sub. (Gray) 2023/02/07 14:09, Lead Analyst: Russell T. Frandsen Attorney: CW1 Fiscal Note H.B. 230 2nd Sub. (Gray) 2023 General Session Center for Medical Cannabis Research by Dailey-Provost, J. (Dailey-Provost, Jennifer.) General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $0 $0 $0 State Government UCA 36-12-13(2)(c) Revenues FY 2023 FY 2024 FY 2025 Qualified Production Enterprise Fund $0 $2,500 $2,500 Total Revenues $0 $2,500 $2,500 Enactment of this legislation may increase ongoing revenue to the Qualified Production Enterprise Fund by $2,500 beginning in FY 2024. Expenditures FY 2023 FY 2024 FY 2025 Qualified Patient Enterprise Fund $0 $754,500 $754,500 Qualified Production Enterprise Fund $0 $2,500 $2,500 Total Expenditures $0 $757,000 $757,000 Enactment of this legislation may cost the University of Utah from the from the Qualified Production Enterprise Fund $650,000 ongoing in FY 2024 to create the Center for the Medical Cannabis Research. This funding includes paying the $2,500 annual cost beginning in FY 2024 for an academic research cannabis license. Additionally, this legislation may cost the Department of Agriculture $2,500 ongoing from the Qualified Production Enterprise Fund beginning in FY 2024 for staff time to issue an academic research cannabis license. Finally, this legislation may cost $104,500 ongoing for the Department of Health and Human Services beginning in FY 2024 from the Qualified Patient Enterprise Fund for staff to develop evidence-based guidance for treatment with medical cannabis. FY 2023 FY 2024 FY 2025 Net All Funds $0 $(754,500) $(754,500) Local Government UCA 36-12-13(2)(c) Enactment of this legislation likely will not result in direct, measurable costs for local governments. H.B. 230 2nd Sub. (Gray) 2023/02/07 14:09, Lead Analyst: Russell T. Frandsen Attorney: CW1 Individuals & Businesses UCA 36-12-13(2)(c) Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses. Regulatory Impact UCA 36-12-13(2)(d) Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses. Performance Evaluation JR1-4-601 This bill does not create a new program or significantly expand an existing program. Notes on Notes Fiscal notes estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal note is not an appropriation. The Legislature decides appropriations separately.