Impact assistance to local governments.

12LSO-0084.L1

                                                         

FISCAL NOTE

 

 

 

 

 

 

 

 

 

 

This bill contains an appropriation of $50,000,000 from the GENERAL FUND to the Office of State Lands and Investments.

 

DETAIL OF APPROPRIATION

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

Unit:  0104 Grants and Loans

 

EXPENDITURE BY SERIES AND YEAR       FY 2012         FY 2013         FY 2014

0600  Grant & Aid Payments                          $25,000,000      $25,000,000

 

Total Expenditure Per Year:                         $25,000,000      $25,000,000

 

Grand Total Expenditure:           $50,000,000

Total Appropriated to Agency:      $50,000,000

Total Appropriated by Fund

GENERAL FUND             :         $50,000,000

 

Description of Appropriation:

 

All funds will be expended for grants to local governments.  No administrative expenditures will be made from this appropriation.

 

This appropriation is continuous until further act of the legislature. Based on local government requests for project funding in prior years, the assumption is made that these funds will be expended/allocated within a 2 year period.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Alex Kean, LSO   Phone: 777-7881

(Information provided by: Jeanne Norman, Office of State Lands & Investments Phone: 777-6644)