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Schools-conversion to use by local communities. |
05LSO-0068.L1 |
FISCAL NOTE
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FY 2006 |
FY 2007 |
FY 2008 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increase (Decrease): |
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PUB SCHOOL FAC CONVERSION |
5,000,000 |
5,000,000 |
5,000,000 |
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SCHOOL CAP CON ACCOUNT |
(5,000,000) |
(5,000,000) |
(5,000,000) |
Source of revenue increase (decrease):
This bill does not increase or decrease revenues. It redistributes $5,000,000 per year in coal lease bonus revenues from the School Capital Construction Account to the proposed Public School Facility Conversion Account in fiscal years 2006-2015. The net impact to all accounts is zero.
Assumptions:
The above estimates are based on January 2005 CREG projections.
This redistribution to the proposed Public School Facility Conversion Account would take place in the event of a projected positive balance in the School Capital Construction Account at the end of the fiscal year after all appropriations for that fiscal year are deducted, based on the most recent CREG projections.
Funds in the proposed Public School Facility Conversion Account are continuously appropriated to the Wyoming Business Council to be used only for grants authorized to be made under the proposed Public School Facility Conversion Program.
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 or current personnel authorizations.
The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill: