 | Fiscal NoteH.B. 514 2026 General Session Utah Energy Council Amendments by Walter, R. Neil |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(500) | $0 | $(500) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Dedicated Credits Revenue | $0 | $27,000 | $27,000 |
| General Fund | $0 | $500 | $500 |
| Total Expenditures | $0 | $27,500 | $27,500 |
Enactment of this legislation could cost the Department of Natural Resources (DNR) $500 ongoing beginning in FY 2027 from adding a member to the Utah Energy Council. Enactment of this legislation could also cost DNR $27,000 ongoing beginning in FY 2027 from Dedicated Credits for financial management of revenue bonds; this cost would be paid by an administrative fee at bond issuance. Assuming equal payments, an interest rate of 4 percent, and a single bond maturity of 30 years, enactment of this legislation could increase currently authorized debt service costs by $580,000 annually for every $10 million in bonds issued beginning in FY 2027. Actual payments will vary based on the structure of the bond. It's not clear where the payments would be issued from based on the language of the bill. The Electrical Energy Development Investment Fund could see increased revenues of $102,000 from charging a 1.02% administrative fee for every $10 million in debt at bond issuance.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(27,500) | $(27,500) |
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.