DAR File No. 44169

Governor, Economic Development

Rule R357-27

Community Reinvestment Agency Report Rule

Notice of Proposed Rule

(New Rule)

DAR File No.: 44169
Filed: 10/31/2019 11:04:07 AM

RULE ANALYSIS

Purpose of the rule or reason for the change:

S.B. 56, passed in the 2019 General Session, requires the Governor's Office of Economic Development to create a publicly accessible database to track certain information about each community reinvestment agency located within the state, and draft an administrative rule establishing a fee schedule. The purpose of this rule filing is to meet the administrative rulemaking requirement and establish a place holder for the fee schedule.

Summary of the rule or change:

Section R357-27-101 outlines the authority for drafting the rule. Section R357-27-102 reserves the section for a fee schedule.

Statutory or constitutional authorization for this rule:

• Subsection 17C-1-603(2)(b)

Anticipated cost or savings to:

the state budget:

Any cost to the state budget will be offset by fees paid by the community reinvestment agencies to administer the database.

local governments:

This rule filing does not cause local governments to incur costs. This rule filing is merely a place holder for a fee schedule that will be established in the future. Once the fee schedule is established the actual costs will be codified in a rule amendment.

small businesses:

There is no aggregate anticipated cost or savings to small businesses.

persons other than small businesses, businesses, or local governmental entities:

There is no aggregate anticipated cost or savings to persons other than small businesses, businesses, or local government entities.

Compliance costs for affected persons:

There are no compliance costs for affected persons.

Comments by the department head on the fiscal impact the rule may have on businesses:

S.B. 56 (2019) passed and required the Governor's Office of Economic Development (Office) to create a publicly accessible database to track information about each community reinvestment agency by June 30, 2021. At this time, the Office is evaluating the administration of the database and is gathering the necessary data in preparation for launch prior to June 23, 2021. This rule filing is to meet the rulemaking requirement set forth in Subsection 17C-1-603(2)(b) and to reserve the section for which a fee schedule will be placed. After actual costs are established, a rule amendment will be filed to codify the fee schedule.

Val Hale, Executive Director

The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

Governor
Economic DevelopmentRoom THIRD FLOOR
60 E SOUTH TEMPLE
SALT LAKE CITY, UT 84111

Direct questions regarding this rule to:

• Dane Ishihara at the above address, by phone at 801-538-8865, by FAX at , or by Internet E-mail at [email protected]

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

12/16/2019

This rule may become effective on:

12/23/2019

Authorized by:

Val Hale, Executive Director

Appendix 1: Regulatory Impact Summary Table*

Fiscal Costs	FY 2020	FY 2021	FY 2022
State Government	$0	$0	$0
Local Government	$0	$0	$0
Small Businesses	$0	$0	$0
Non-Small Businesses	$0	$0	$0
Other Person	$0	$0	$0
Total Fiscal Costs:	$0	$0	$0
Fiscal Benefits
State Government	$0	$0	$0
Local Government	$0	$0	$0
Small Businesses	$0	$0	$0
Non-Small Businesses	$0	$0	$0
Other Persons	$0	$0	$0
Total Fiscal Benefits:	$0	$0	$0
Net Fiscal Benefits:	$0	$0	$0

 

*This table only includes fiscal impacts that could be measured. If there are inestimable fiscal impacts, they will not be included in this table. Inestimable impacts for State Government, Local Government, Small Businesses and Other Persons are described in the narrative. Inestimable impacts for Non - Small Businesses are described in Appendix 2.

 

Appendix 2: Regulatory Impact to Non - Small Businesses

There is no regulatory impact creating financial cost to non-small businesses. This proposed rule filing is to clarify the standards for participation in the program. There are no general regulations being promulgated by this rule because the program is voluntary and does not require non-participants to do anything. There is no impact to businesses or persons general because this rule only applies to those who chose to participate in this program in order to receive a grant.

 

The head of the Governor’s Office of Economic Development, Val Hale, has reviewed and approved this fiscal analysis.

 

 

R357. Governor, Economic Development.

R357-27. Community Reinvestment Agency Report Rule.

R357-27-101. Authority.

(1) Subsection 17C-1-603 (2) (b) requires the Governor’s Office of Economic Development to make rules to establish a fee schedule for administration of the database.

 

R357-27-102. Fee Schedule.

(1) Reserved.

 

KEY: counties, public funds and accounts, reporting

Date of Enactment or Last Substantive Amendment: 2019

Authorizing, and Implemented or Interpreted Law: 17C-1-603(2)(b)