 | Fiscal Note3rd Sub. H.B. 508 (Cherry) 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. Inasmuch as a state agency or institution of higher education supervises their own capital project as a result of this bill, it could result in a reduced cost for the the Division of Facilities and Construction Management and an increased cost for the agency. The exact amount is unknown.
| 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.