Federal mineral royalty cap-increase. 06LSO-0226.C1
FISCAL NOTE
|
FY 2008 |
FY 2009 |
|
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Increase (Decrease): |
|
|
|
BUDGET RESERVE ACCOUNT |
(33,300,000) |
(33,300,000) |
(33,300,000) |
CITIES AND TOWNS DIST |
4,600,000 |
4,600,000 |
4,600,000 |
GENERAL FUND |
500,000 |
500,000 |
500,000 |
HIGHWAY FUND |
15,000,000 |
15,000,000 |
15,000,000 |
HIGHWAY FUND-COUNTY ROADS |
1,100,000 |
1,100,000 |
1,100,000 |
LOCAL GOVT. CAPCON |
1,900,000 |
1,900,000 |
1,900,000 |
SCHOOL CAP CON ACCOUNT |
1,300,000 |
1,300,000 |
1,300,000 |
SCHOOL FOUNDATION FUND |
5,500,000 |
5,500,000 |
5,500,000 |
UNIVERSITY OF WYOMING |
3,400,000 |
3,400,000 |
3,400,000 |
Source of revenue increase (decrease):
This bill does not increase or decrease revenues. It increases the federal mineral royalty (FMR) distribution cap from $200 million to $250 million. The net impact to all accounts is zero.
Assumptions:
The above estimates are based on October 2005 CREG projections.
This bill increases the current FMR distribution cap from $200 million to $250 million. All FMR distribution percentages remain the same as those reflected in current law.
This bill is effective July 1, 2006, and shall apply to distributions of fiscal year 2007 revenues, and thereafter.
Please see the attached schedule for additional information.
Prepared by: Dean Temte, LSO Phone: 777-7881