Federal mineral royalty cap-increase.                                     06LSO-0226.C1

FISCAL NOTE

 

 

FY 2007

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