Fiscal Note
H.B. 410 4th Sub. (Green)
2024 General Session Utah San Rafael State Energy Lab by Watkins, C. (Watkins, Christine.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $(245,000) $(2,000,000) $(2,245,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2024 FY 2025 FY 2026
New Account Created By Bill (FN $1,000,000 $1,000,000 $1,000,000
Only)
Total Revenues $1,000,000 $1,000,000 $1,000,000
Enactment of this legislation could transfer $1,000,000 one-time General Fund in FY 2024 and
$1,000,000 ongoing General Fund beginning in FY 2025 from Utah Energy Research Grant Program line item in the Department of Natural Resources into the newly created Utah Energy Research Account.
Expenditures FY 2024 FY 2025 FY 2026
General Fund $0 $245,000 $245,000
General Fund, One-time $0 $2,000,000 $0
New Account Created By Bill (FN $1,000,000 $1,000,000 $1,000,000
Only)
Total Expenditures $1,000,000 $3,245,000 $1,245,000
Enactment of this legislation appropriates $2,000,000 one-time General Fund in FY 2025 to the Office of Energy Development (OED) for the purchase of the San Rafael Energy Lab. This legislation could increase expenditures for OED from the General Fund via the newly created Utah Energy Research Account by $1,000,000 one-time in FY 2024 and by $1,000,000 ongoing beginning in FY
2025 to support the Utah San Rafael Energy Lab and the Utah Energy Research Grant Program. This increase would be offset by an equivalent reduction to the Utah Energy Research Grant Program line item. Lastly, this legislation could cost the Office of Energy Development $245,000 ongoing from the
H.B. 410 4th Sub. (Green)
General Fund to hire a lab director, which the agency can absorb.
FY 2024 FY 2025 FY 2026
Net All Funds $0 $(2,245,000) $(245,000)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
2024/02/20 08:03, Lead Analyst: Lacey K. Moore Attorney: SE1
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable expenditures by Utah residents or 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 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.
H.B. 410 4th Sub. (Green)
2024/02/20 08:03, Lead Analyst: Lacey K. Moore Attorney: SE1