H.B. 566
2023/03/02 11:54, Lead Analyst: Timothy G. Dinehart Attorney: GH
Fiscal Note
H.B. 566
2023 General Session
Olene Walker Housing Loan Fund
Amendments
by Moss, C.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(35,844,000) $1,044,000 $(34,800,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2023 FY 2024 FY 2025
General Fund $0 $(35,844,000) $(35,844,000)
General Fund, One-time $0 $1,044,000 $0
OWHTF-Low Income Housing $0 $34,800,000 $35,844,000
Total Revenues $0 $0 $0
Enactment of this legislation could increase revenue to the Olene Walker Housing Loan Fund by
$35,844,000 ongoing in FY 2024 with a one-time back out of $1,044,000 in FY 2024 due to transfers
from the Liquor Control Fund. Enactment of this legislation could decrease the year-end transfer from
the Liquor Control Fund to the General Fund by $35,844,000 ongoing in FY 2024 with a one-time back
out of $1,044,000 in FY 2024 as a result of these transfers.
Expenditures FY 2023 FY 2024 FY 2025
OWHTF-Low Income Housing $0 $34,800,000 $35,844,000
Total Expenditures $0 $34,800,000 $35,844,000
Enactment of this legislation could increase expenditures by the Department of Workforce Services
from the Olene Walker Housing Loan Fund by $35,844,000 ongoing beginning in FY 2024 with a one-
time offset of $1,044,000 in FY 2024 for two program specialists and additional loans.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(34,800,000) $(35,844,000)
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. 566
2023/03/02 11:54, Lead Analyst: Timothy G. Dinehart Attorney: GH
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.