Industrial development bond fees.

04LSO-0079.L2

                                                         

FISCAL NOTE (HB0023)

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
ENTERPRISE FUND	195,000	195,000	194,000
GENERAL FUND	(195,000)	(195,000)	(194,000)

 

Source of revenue increase (decrease):

 

1 percent bond fee collected on bonds issued

 

Assumptions:

 

Total Bonding Authority                              $100,000,000

Bonds issued to date                                   (5,000,000)

Pending Bond transactions that may be issued in FY04 (36,600,000)

Remaining available bonding authority                $ 58,400,000

 

1% bond fee assumed to be collected FY05-FY07 above  $    584,000

 

Funds collected above would be shifted from the general fund to the enterprise fund.

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase (Decrease):
ENTERPRISE FUND	97,500	97,500	97,000
GENERAL FUND	(97,500)	(97,500)	(97,000)

 

Source of expenditure increase (decrease):

 

Estimated due diligence costs:

 

Assumptions:

 

Based on .5 percent of bonds issued. Depending on complexity of the transactions, actual due diligence costs could be higher.

 

Funds expended for due diligence costs would be shifted to the enterprise fund.

 

Prepared by:   Diane Mosher, WBC  Phone:   777-2848