Water funding-High Savery reservoir account.

05LSO-0386.C1

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
DEBT SERVICE FUND	(2,000,000)	(2,000,000)	(2,000,000)
WATER DEVELOPMENT I FUND	2,000,000	2,000,000	2,000,000

 

Source of revenue increase (decrease): Transfer of revenue stream from debt service fund to Water Development Account I

 

Assumptions:

 

The state has retired the debt associated with construction of the Buffalo Bill Modification/Enlargement Project. The project's revenue stream is in excess of funds required under the debt service statute.

 

The Buffalo Bill revenue stream can meet the annual expenses of all projects specified in the statute, and still have $2,000,000 available for transfer to Water Development Account I.

 

 

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Decrease:
WATER DEVELOPMENT I FUND	350,000	350,000	350,000

 

Source of expenditure decrease: Discontinuation of subsidy from Water Development Account I

 

Assumptions:

 

Enactment of the bill will enable the debt service account to service the obligations of all the projects described in the debt service statute. Therefore, there will no longer be a need to subsidize the revenue stream from the Water Development Account I. This became possible when the state retired the debt associated with the Buffalo Bill Modification/Enlargement Project.

 

 

Prepared by:   Lawrence M. Besson, WWDC         Phone:   777-7626