H.B. 426 3rd Sub. (Cherry)
2023/02/17 13:37, Lead Analyst: Lacey K. Moore Attorney: SE1
Fiscal Note
H.B. 426 3rd Sub. (Cherry)
2023 General Session
Statewide Energy Policy Amendments
by Moss, J. (Moss, Jefferson.)
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
Total Revenues $0 $0 $0
Enactment of this legislation likely will not materially impact state revenue.
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
Total Expenditures $10,000 $1,030,000 $1,000,000
Enactment of this Legislation appropriates $1,000,000 ongoing General Fund beginning in FY 2024 to
the newly created Utah Energy Research Grant Program line item. 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.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation likely will not change the regulatory burden for Utah residents or
businesses. H.B. 426 3rd Sub. (Cherry)
2023/02/17 13:37, Lead Analyst: Lacey K. Moore Attorney: SE1
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.