|
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
|
