H.B. 530 2023/02/27 08:19, Lead Analyst: Andrew Talleh Attorney: CW1 Fiscal Note H.B. 530 2023 General Session Nursing Education Program Amendments by Lesser, R. General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $1,400 $(5,000) $(3,600) State Government UCA 36-12-13(2)(c) Revenues FY 2023 FY 2024 FY 2025 General Fund $0 $1,400 $1,400 General Fund, One-time $0 $(5,000) $0 Commerce Service Fund $0 $118,600 $118,600 Commerce Service Fund, One- time $0 $35,000 $0 Total Revenues $0 $150,000 $120,000 Enactment of this legislation could increase Commerce Service Account revenue by $30,000 one-time in FY 2024 and $120,000 ongoing beginning in FY 2024 as a result of fees described in the bill. When combined with the Commerce costs identified below, the annual transfer to the General Fund could increase by $1,400 ongoing beginning in FY 2024 with a decrease of $5,000 one-time in FY 2024. Expenditures FY 2023 FY 2024 FY 2025 Commerce Service Fund $0 $118,600 $118,600 Commerce Service Fund, One- time $0 $35,000 $0 Total Expenditures $0 $153,600 $118,600 Enactment of this legislation could cost the Department of Commerce up to $118,600 ongoing and $35,000 one-time beginning in FY 24 from the Commerce Service Account for the Division of Professional Licensing to survey and develop requirements for nursing education programs, evaluate performance standards, and approve education programs, as outlined in the bill. Spending from the Commerce Service Fund impacts year-end transfers to the General Fund. FY 2023 FY 2024 FY 2025 Net All Funds $0 $(3,600) $1,400 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. 530 2023/02/27 08:19, Lead Analyst: Andrew Talleh Attorney: CW1 Individuals & Businesses UCA 36-12-13(2)(c) Enactment of this legislation could result in 30 member institutes paying $5,000 each in year one for licensing requirements for a total cost of $150,000 in FY 2024 and 30 member institutes paying $4,000 each in year two for licensing requirements for a total cost of $120,000 ongoing beginning in FY 2025. Regulatory Impact UCA 36-12-13(2)(d) Enactment of this legislation could result in a small increase in 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.