Fiscal Note
S.B. 192 3rd Sub. (Ivory)
2024 General Session Higher Education Amendments by Millner, A. (Millner, Ann.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $(21,306,200) $21,306,200 $0
State Government UCA 36-12-13(2)(c)
Revenues FY 2024 FY 2025 FY 2026
Performance Funding Restricted $0 $0 $21,306,200
Account (ITFR)
Total Revenues $0 $0 $21,306,200
Enactment of this legislation could increase revenues to the Performance Funding Restricted Account within the Utah System of Higher Education by $21.3 million in FY 2026 with increases growing by
approximately $21 million each year thereafter.
Expenditures FY 2024 FY 2025 FY 2026
Income Tax Fund $0 $21,306,200 $21,306,200
Income Tax Fund, One-time $0 $(21,306,200) $0
Performance Funding Restricted $0 $0 $21,306,200
Account (ITFR)
Total Expenditures $0 $0 $42,612,400
Enactment of this legislation could transfer $21.3 million ongoing from the Income Tax Fund beginning in FY 2026 into the Performance Funding Restricted Account within the Utah System of Higher Education, with an approximately $21 million additionally being deposited each year thereafter.
Enactment of this legislation could further cost the Utah Board of Higher Education $21.3 million ongoing from the Performance Funding Restricted Account beginning in FY 2026 with approximately
$21 million in increased costs each year thereafter distributed to the 16 public institutions of higher education in the State as a result of meeting performance goals.
S.B. 192 3rd Sub. (Ivory)
FY 2024 FY 2025 FY 2026
Net All Funds $0 $0 $(21,306,200)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
2024/02/21 09:45, Lead Analyst: Joseph Ryan Fitzgerald Attorney: JVH
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 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.
S.B. 192 3rd Sub. (Ivory)
2024/02/21 09:45, Lead Analyst: Joseph Ryan Fitzgerald Attorney: JVH


Statutes affected:
Introduced: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
Amended: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
Enrolled: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 1st Substitute (Not Adopted) Text: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 2nd Substitute : 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 3rd Substitute : 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 4th Substitute (Not Adopted) Text: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 3rd Substitute (Not Adopted) Text: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505
S.B. 192 2nd Substitute (Not Adopted) Text: 35A-13-603, 36-28-102, 49-12-204, 49-13-204, 49-22-204, 51-8-303, 53B-1-110, 53B-1-112, 53B-1-401, 53B-1-402, 53B-1-408, 53B-2-106, 53B-3-103, 53B-3-104, 53B-3-105, 53B-6-105, 53B-6-105.9, 53B-7-702, 53B-7-703, 53B-7-704, 53B-7-705, 53B-7-706, 53B-8-102, 53B-8-201, 53B-13-103, 53B-16-102, 53B-17-1203, 53B-22-102, 53B-22-103, 53B-22-104, 53B-22-105, 53B-22-106, 53B-22-107, 53B-22-109, 53B-22-111, 53B-22-112, 53B-22-113, 53B-22-114, 53B-22-204, 53B-23-106, 53B-27-405, 53B-28-401, 53B-28-502, 53B-33-202, 53E-3-505