Local economy infrastructure program.

03LSO-0618.L2

FISCAL NOTE (HB0275)

 

This bill contains an appropriation of $15,000,000 from the BUDGET RESERVE ACCOUNT.

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase (Decrease):

 

 

 

LOCAL ECON INFRASTRUCTURE

0

15,000,000

15,000,000

SCHOOL CAP CON ACCOUNT

0

(15,000,000)

(15,000,000)

 

Source of revenue increase (decrease):

 

Redistribution of coal lease bonus revenues from School CapCon Account to the proposed local economy infrastructure program account (LEIPA).

 

Assumptions:

 

Coal lease bonus revenue estimates for FY05 and FY06 based on January 2003 CREG projections. Bill proposes distribution of coal lease bonus revenues to LEIPA of $15.0 million per year in FY05-FY14.

 

Funds in the proposed LEIPA are continuously appropriated to the Wyoming Business Council to be used only for grants and loans authorized under the proposed local economy infrastructure program.

 

 

Prepared by: Dean Temte, LSO Phone: 777-7881