Capital construction financing. |
03LSO-0221.C3 |
FISCAL NOTE (HB0134)
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This bill contains an authorization of 1 Full-Time position.
Source of potential revenue increase or decrease:
Potential redistribution of federal mineral royalty (FMR) revenues to bond repayment accounts
Assumptions:
Bill creates the Capital Financing Commission (CFC), and transfers from the State Loan and Investment Board to the CFC various bonding authority with the following new limits:
The fiscal impact of establishing these bonding limits is indeterminable at this time, as it is unknown how many bonds might be issued, in what dollar amounts, and for what purposes.
Bill secures funds needed for school capcon bond repayment with FMRs, prior to distributions both under and over the $200 million cap. Current distributions to the University of Wyoming, cities & towns, and school capcon are not affected.
Bill creates new distributions of FMRs to take place prior to the distributions under the $200 million cap in the following priority:
Prepared by: Dean Temte, LSO Phone: 777-7881
This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget. The following state agencies may be affected administratively:
Department of Administration and Information
State Treasurer’s Office
Office of State Lands & Investments