Fiscal Note
HB0051S02 - Water Right Forfeiture Protection
State Impact:
Enactment of this bill will result in increased revenues, which will be deposited as Dedicated Credits for the Division of Water Rights. However, due to statute limitations on how these Dedicated Credits can be used, a portion will be lapsing to the General Fund. This bill will also require appropriations to the Division for FY 2009: $208,000 from the General Fund and $150,000 from the Dedicated Credits; for FY 2010: $96,000 from the General Fund and $75,000 from the Dedicated Credits. The net costs to the General Fund will be $74,500 one-time and $58,500 ongoing.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $96,000 | $96,000 | $0 | $37,500 | $37,500 |
| General Fund, One-Time | $0 | $112,000 | $0 | $0 | $37,500 | $0 |
| Dedicated Credits | $0 | $150,000 | $75,000 | $0 | $150,000 | $75,000 |
| Total | $0 | $358,000 | $171,000 | $0 | $225,000 | $112,500 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/7/2008, 11:40:52 AM, Lead Analyst: Djambov, I. | Office of the Legislative Fiscal Analyst |