Montgomery fund for the blind 2.

09LSO-0226.L2

FISCAL NOTE

This bill contains an appropriation of $5,000,000 from the GENERAL FUND to the proposed Montgomery Fund for the Blind 2.

	FY 2010	FY 2011	FY 2012
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
MONTGOMERY FUND FOR THE BLIND 2	152,000	240,500	240,500

Source of revenue increase:

Investment income on $5,000,000 appropriation to the proposed Montgomery Fund for the Blind 2

Assumptions:

The Montgomery Fund for the Blind 2 will be invested as part of the State Agency Pool. Funds deposited into this account have an anticipated yield of 3.04% for FY 2010, and 4.81% for FY 2011 and FY 2012, based on January 2009 CREG projections. Yield is defined as the actual cash or realized return on investment.

It is not known how much revenue will be generated by donations, gifts, grants, etc., or what expenditures from this account will be.

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

(Information provided by Sharon Garland, Treasurer’s Office; 777-7475)