State parks-acquisition of lands.

11LSO-0136.C1

FISCAL NOTE

This bill contains an appropriation of $595,600 from the BUDGET RESERVE ACCOUNT to the State Board of Land Commissioners.  This appropriation is effective immediately.

DETAIL OF APPROPRIATION

Agency #:  060     Agency Name:  Office of State Lands and Investments

Unit:  0101  Administration and Support

EXPENDITURE BY SERIES AND YEAR       FY 2011         FY 2012         FY 2013

0700  Capital Expenditures           $595,600                                  

Total Expenditure Per Year:          $595,600                                 

Grand Total Expenditure:             $595,600

Total Appropriated to Agency:        $595,600

Total Appropriated by Fund

BUDGET RESERVE ACCOUNT   :           $595,600

Description of Appropriation

The lands described in this bill are Common School Trust lands.  Therefore, all funds appropriated for the purchase of these lands will be deposited in the Common School Permanent Land Fund.

The Department of Parks and Cultural Resources expects an increase in revenue from the payment of entrance and camping fees as required by W.S. 36-4-121.  The additional land will allow for an increase in visitation and therefore more fee revenue.  The amount of revenue the agency will acquire is unknown at this time.

The Department of Parks and Cultural Resources will expend $2,300 from existing budgets to pay for a legal survey and improvements made by the individual holding the grazing lease on the property per the requirements of the State Land and Investment Board.

Prepared by:   Kelley Shepp, LSO Phone: 777-7881

(Information provided by: Domenic Bravo, Dept. of Parks and Cultural Resources and Martin Matsen, Office of State Lands and Investments 

Phone: 777-6324 and 777-6639)