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Fiscal Note

SB0061s1 - Enhancements to the State Systems of Public and Higher Education

State Impact:
This bill appropriates to the State Board of Regents $10,550,000 in the following manner: $5,000,000 from income tax revenues to fund the faculty incentive program, $550,000 from income tax revenues for new engineering and computer science programs, a one time appropriation of $4,200,000 from income tax revenues to fund equipment and new programs, and a one time appropriation of $800,000 one time from income tax revenues to begin a student loan forgiveness program as described in the bill. The bill appropriates $2,400,000 ongoing, and a $16,600,000 one time supplemental appropriation from the Uniform School Fund to fund the Public Education Job Enhancement Program as outlined in the bill.

Funding Source FY 01
Approp.
FY 02
Approp.
FY 03
Approp.
FY 01
Revenue
FY 02
Revenue
FY 03
Revenue
Income Tax $0 $10,550,000 $5,550,000 $0 $0 $0
Uniform School Fund $16,600,000 $2,400,000 $2,400,000 $0 $0 $0
TOTAL

$16,600,000


$12,950,000


$7,950,000


$0


$0


$0

Individual and Business Impact:
There may be benefits to businesses through additional equipment purchases.

Office of the Legislative Fiscal Analyst
2/8/2001 10:41:14 AM


Last Revised: 30 August, 2000

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