 | Fiscal Note1st Sub. H.B. 508 (Buff) 2026 General Session State Facilities Modifications by Brooks, Walt |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(2,900) | $0 | $(2,900) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Inasmuch as a capital development project comes in under budget, the excess funds could be deposited into the General Fund or the Income Tax Fund. The exact amount is unknown.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $2,900 | $2,900 |
| Total Expenditures | $0 | $2,900 | $2,900 |
Inasmuch as an institution of higher education submits a building request to the Board of Higher Education, that institution could incur a cost of approximately $5,000 one-time from the Income Tax Fund to develop a design plan for that building. Enactment of this legislation could also cost the Division of Facilities and Construction Management $2,900 ongoing from the General Fund beginning in FY 2027 to review submitted feasibility studies. Enactment of this legislation could also save the Division of Facilities and Construction Management $167,300 ongoing from the General Fund beginning in FY 2027 due to reduced costs associated with overseeing capital improvement projects. This savings would be offset by increased costs to agencies overseeing their own project.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(2,900) | $(2,900) |
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 likely will not change the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.