Fiscal Note
HB0004 - General Obligation Bonds Authorizations
State Impact:
This legislation authorizes issuance of General Obligation bonds, which are backed by the full faith and credit of the state, for construction of a Multi-agency Government Office Building and the Snow College Library. Assuming all of the bonds are issued in the first year, with a standard six year repayment period and flattened payments at today's interest rates, debt service will require approximately $5,700,000 per year with first year interest cost of $318,000. Actual debt service will vary according to interest rates at the time of issuance and the structure of the bonds.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| General Fund | $0 | $5,700,000 | $5,700,000 | $0 | $0 | $0 |
| General Fund, One-Time | $0 | ($5,382,000) | $0 | $0 | $0 | $0 |
| Total | $0 | $318,000 | $5,700,000 | $0 | $0 | $0 |
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.
| 2/25/2009, 9:59:13 AM, Lead Analyst: Amon, R. | Office of the Legislative Fiscal Analyst |