FISCAL NOTE

This bill contains an appropriation of $20,000,000 from the BUDGET RESERVE ACCOUNT to the WYOMING DEVELOPMENTAL DISABILITIES TRUST FUND.

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
WYO DEV DIS TRUST (Income Account)	758,000	766,000	772,000

Source of revenue increase: The revenue increase to the "Income Account" is a result of investment income from the $20,000,000 appropriation.

Assumptions: The above assumes funds of the newly created Trust Fund are invested in the State Agency Pool, with an anticipated annual rate of 3.79 percent for FY06, 3.83 percent for FY07, and 3.86 percent of FY08. It is further assumed that the interest will not be available for expenditure until after June 30^th of each year.

Anticipated Expenditure Increase:
WYO DEV DIS TRUST (Income Account)	0	758,000	766,000

Source of expenditure increase: Assumes the amount of revenue earned will be available for expenditure for projects.

Assumptions: Assumes all interest income accrued each year will be expended.

Note: On its own, this bill does not require additional personnel for the State Treasurer's Office; however, the State Treasurer's Office would like to note that they have already received multiple requests for fiscal notes for the establishment of new trust funds. If legislation for the establishment of all these trust funds were passed, the State Treasurer's Office may require additional staffing.

Prepared by: Don Richards, LSO Phone: 777-7881

(Information provided by: Sharon Garland, State Treasurer's Office, phone: 777-7475.)