General, Income Tax, and Uniform School FundsJR4-4-101

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$0	$(19,000)	$(19,000)

State GovernmentUCA 36-12-13(2)(c)

Revenues	FY2026	FY2027	FY2028
Captive Insurance (GFR), One-time	$0	$19,000	$0
General Fund, One-time	$0	$(19,000)	$0
Total Revenues	$0	$0	$0

Enactment of this legislation could decrease the year end transfer from the Captive Insurance Restricted Account to the General Fund by approximately $19,000 one-time in FY 2027 due to an increase in the statutory cap on the restricted account.

Expenditures	FY2026	FY2027	FY2028
Total Expenditures	$0	$0	$0

Enactment of this legislation likely will not materially impact state expenditures.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$0	$0	$0

Local GovernmentUCA 36-12-13(2)(c)

Enactment of this legislation likely will not result in direct, measurable costs for local governments.

Individuals & BusinessesUCA 36-12-13(2)(c)

Enactment of this legislation could increase costs for title insurance providers. It is estimated that additional policy coverage requirements could cost producers between $500 and $5,000 annually. Additionally, enactment could decrease the total compensation amount received by public adjusters.

Regulatory ImpactUCA 36-12-13(2)(d)

Enactment of this legislation could result in a small increase in the regulatory burden for Utah residents or businesses.

Performance EvaluationJR1-4-601

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.

2026/01/06 15:58, Lead Analyst Alejandra Rodriguez, Attorney: Weenig, A.

Fiscal Note