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The provisions of this bill establish a General Fund Restricted Account and earmarks up to $2,000,000 in General Funds for the fund based on increases in specific travel industry-related sales taxes. Current estimates of future increases indicate that the maximum amount of funds would be earmarked. The Division of Finance continues to experience increased costs associated with the growth of new funds in State Government. For every 30 funds created, the cost of a new accountant will be included for the fiscal note costs.

FY 98 Approp. FY 99 Approp. FY 98 Revenue FY 99 Revenue
General Fund $2,000,000 $2,000,000 $0 $0
TOTAL $2,000,000 $2,000,000 $0 $0

Office of the Legislative Fiscal Analyst

2/12/97 8:49:28 AM


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