Military assistance trust fund.

04LSO-0309.L2

                                                         

FISCAL NOTE (SF0059)

 

This bill contains an appropriation of $10,000,000 from the BUDGET RESERVE ACCOUNT to the Wyoming Military Assistance Trust Fund.

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
TRUST AND AGENCY FUND	440,000	460,000	480,000

 

Source of revenue increase: Investment income from the $10 million appropriated to the Military Assistance Trust Fund.

 

Assumptions:

 

Interest from the Military Assistance Trust Fund corpus will be annually credited to a separate account within the trust and agency fund.

 

The above estimates assume the Military Assistance Trust Fund will be invested in the State Agency Pool, and assume annual rates of return of 4.4% in FY05, 4.6% in FY06, and 4.8% in FY07, based on January 2004 CREG projections.

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
TRUST AND AGENCY FUND	0	440,000	460,000

 

Source of expenditure increase: Expenditure of investment income credited to the Trust and Agency Fund.

 

Assumptions:

 

It is assumed that investment income from the Military Assistance Trust Fund would be available for expenditure from the Trust and Agency Fund in the following fiscal year.

 

The above estimates assume all investment income would be distributed annually by the adjutant general, in accordance with the language proposed in W.S. 19-7-402.

 

 

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