Wyoming fossil presentation program.

06LSO-0368.L1

FISCAL NOTE

This bill contains an appropriation of $10,000,000 from the BUDGET RESERVE ACCOUNT.

The appropriation consists of $5,000,000 to the Wyoming Fossil Presentation Program Trust Account and $5,000,000 to the Wyoming Fossil Presentation Program Income Account.

	FY 2007	FY 2008	FY 2009
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
Fossil Presentation Income	217,000	226,500	236,000

Source of Revenue Increase:

Interest from the $5,000,000 invested in the Wyoming Fossil Presentation Program Trust Account.

Assumptions:

The revenue increase assumes a 4.34% yield for FY07, a 4.53% yield for FY08, and a 4.72% yield for FY09.

Expenditure Increase:

No estimates have been made with respect to expenditures from the Wyoming Fossil Presentation Program Income Account for grants, either from the initial $5,000,000 appropriation or the annual interest earnings of the Wyoming Fossil Presentation Program Trust Account.

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Department of Parks and Cultural Resources

Prepared by:   Matthew Sackett, LSO   Phone:   777-7881

(Information provided by Milward Simpson and Bryan Sandlian, Department of Parks and Cultural Resources

Phone: 777-7637; 777-6538 respectively)