H.B. 426 1st Sub. (Buff)
2023/02/13 15:51, Lead Analyst: Lacey K. Moore Attorney: SE1
Fiscal Note
H.B. 426 1st Sub. (Buff)
2023 General Session
Statewide Energy Policy Amendments
by Moss, J. (Moss, Carol.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(1,000,000) $(40,000) $(1,040,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2023 FY 2024 FY 2025
New Account Created By Bill (FN
Only)
$0 $1,000,000 $1,000,000
Total Revenues $0 $1,000,000 $1,000,000
Enactment of this legislation appropriates $1,000,000 ongoing from the General Fund to the newly
created Utah Energy Research Fund.
Expenditures FY 2023 FY 2024 FY 2025
General Fund $0 $1,000,000 $1,000,000
General Fund, One-time $10,000 $30,000 $0
New Account Created By Bill (FN
Only)
$0 $1,000,000 $1,000,000
Total Expenditures $10,000 $2,030,000 $2,000,000
Enactment of this Legislation appropriates $1,000,000 ongoing beginning in FY 2024 from the General
Fund to the newly created Utah Energy Research Fund and from the new fund to the Office of Energy
Development. Enactment of this legislation could cost the Office of Energy Development $40,000 one-
time from the General Fund in FY 2023 and FY 2024 to create a strategic plan.
FY 2023 FY 2024 FY 2025
Net All Funds $(10,000) $(1,030,000) $(1,000,000)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
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. H.B. 426 1st Sub. (Buff)
2023/02/13 15:51, Lead Analyst: Lacey K. Moore Attorney: SE1
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 creates a new program or significantly expands an existing program. For a list of questions
lawmakers might ask to improve accountability for the proposed program, please see:
https://budget.utah.gov/newprogram
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.