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 SourceFY 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