 |
|||
Download Zipped Introduced WP 6.1 HB0038.zip
[Back to the Bills Directory] [Back to the Fiscal Note Directory]
This bill authorizes $200,000,000 in general obligation bonds for new school construction. It is estimated that the interest expense (in addition to repayment of the principal) will be $136,195,615.56 (based on a 20 year amortization). An additional $251,683,134 in ongoing Uniform School Funds will be required as early as 2003 to fund a 25 percent increase in the number of teachers required to teach in the new schools. The revenues to pay for the bonds will be placed in a sinking fund to be administered by the state treasurer entitled the "2000 Public Education Capital Facilities General Obligation Bonds Sinking Fund."
| FY 01 Approp. | FY 02 Approp. | FY 01 Revenue | FY 02 Revenue | |
| Restricted Funds | $5,827,087 | $16,826,110 | $5,827,087 | $16,826,110 |
| TOTAL | $5,827,087 | 0 | $5,827,087 | $16,826,110 |
Office of the Legislative Fiscal Analyst
1/31/00 12:45:44 PM
[State of Utah Home Page |Legislature Home Page |Legislative Fiscal Analyst Home Page ]