Fiscal Note
2nd Sub. H.B. 542 (Gray)
2025 General Session
Economic Development Amendments
by Hawkins, Jon
(Wilson, Chris H.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $9,600 $0 $9,600
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Total Revenues $0 $0 $0
Enactment of this legislation transfers $28,500,000 one-time from federal funds to the Department of
Transportation from the Governor's Office of Economic Opportunity.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $(9,600) $(9,600)
Total Expenditures $0 $(9,600) $(9,600)
Enactment of this legislation would transfer $468,700 ongoing General Fund expenditures,
$28,500,000 one-time Federal Funds, and $500,000 beginning nonlapsing balances in FY 2026 from
the Governor's Office of Economic Opportunity to the Department of Transportation.
Enactment of this legislation could reduce costs for the Senate by $4,800 ongoing in FY 2026 from
the General Fund, and reduce costs for the House of Representatives by $4,800 ongoing in FY 2026
from the General Fund in legislative compensation by repealing the Unified Economic Opportunity
Commission (UEOC) and its subcommittees.
Enactment of this legislation would transfer $553,600 ongoing General Fund expenditures, $200,000
one-time of Federal Funds, $93,700 one-time Dedicated Credits Revenue, and $1,300,000 in
beginning nonlapsing balances in FY 2026 from the Governor's Office of Economic Opportunity to the
Utah Board of Higher Education.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $9,600 $9,600
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
2nd Sub. H.B. 542 (Gray)
2025/03/04 08:51, Lead Analyst: Josh Pittman, Attorney: Bailey, R. 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 explanations 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 explanation is not an appropriation. The
Legislature decides appropriations separately.
2nd Sub. H.B. 542 (Gray)
2025/03/04 08:51, Lead Analyst: Josh Pittman, Attorney: Bailey, R.