Higher education endowment fund. |
09LSO-0295.C1 |
FISCAL NOTE
Source of revenue increase (decrease):
Diversion of $2,200,000 of over-the-cap federal mineral royalty revenues each fiscal year from the School Foundation Program Account to the Higher Education Endowment Reserve Account
Assumptions:
The above estimates are based on October 2008 CREG projections.
This bill is effective immediately. Therefore, this diversion will take place beginning in FY 2009.
Prepared by: Dean Temte, LSO Phone: 777-7881