 | Fiscal Note3rd Sub. H.B. 280 (Cherry) 2026 General Session Third Party Litigation Funding Amendments by Dunnigan, James A. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(7,900) | $(17,500) | $(25,400) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Commerce Service Account | $0 | $10,900 | $10,900 |
| Commerce Service Account, One-time | $0 | $17,500 | $0 |
| General Fund | $0 | $(7,900) | $(7,900) |
| General Fund, One-time | $0 | $(17,500) | $0 |
| Total Revenues | $0 | $3,000 | $3,000 |
Enactment of this legislation could increase registration fees revenue by $3,000 ongoing due to the new registration requirement for maintenance funding providers. This, plus the expenditures listed below, could reduce the year-end transfer from the Commerce Service Account to the General Fund by $7,900 ongoing beginning in FY 2027 and $17,500 one-time in FY 2027.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Commerce Service Account | $0 | $10,900 | $10,900 |
| Commerce Service Account, One-time | $0 | $17,500 | $0 |
| Total Expenditures | $0 | $28,400 | $10,900 |
Enactment of this legislation could increase cost to the Department of Commerce by $10,900 ongoing from the Commerce Service Account beginning in FY 2027 and $17,500 one-time from the Commerce Service Account in FY 2027 for staff support and system upgrades due to the increased oversight and investigation required for the new registration created.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(25,400) | $(7,900) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could cause 10 people to pay the $300 maintenance funding providers registration fee. This aggregates to $3,000 ongoing.
Enactment of this legislation could result in a medium increase in the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.