 | Fiscal NoteH.B. 411 2025 General Session Public Asset Ownership Amendments by Shelley, Troy |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(9,000) | $(120,000) | $(129,000) |
| Revenues | FY2025 | FY2026 | FY2027 |
| Total Revenues | $0 | $0 | $0 |
Enactment could generate an unknown amount of revenue to the General Fund from selling or exchanging environmental commodities.
| Expenditures | FY2025 | FY2026 | FY2027 |
| General Fund | $0 | $9,000 | $9,000 |
| General Fund, One-time | $40,000 | $80,000 | $0 |
| Total Expenditures | $40,000 | $89,000 | $9,000 |
Enactment of this Legislation could cost the Office of Energy Development $9,000 ongoing starting in FY 2026 from the General Fund to manage identification numbers for environmental commodities in the state. The office has indicated they can absorb this cost. Enactment of this Legislation could cost the Division of Water Rights $40,000 one-time in FY 2025 and $80,000 one-time in FY 2026 from the General Fund to ensure that environmental commodity identification numbers are associated with each water right. This legislation could generate an unknown cost for the Treasurer's Office from selling or exchanging environmental commodities.
| FY2025 | FY2026 | FY2027 | |
| Net All Funds (rev-exp) | $(40,000) | $(89,000) | $(9,000) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Enactment of this legislation could result in a small increase in the regulatory burden for Utah residents or businesses.
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