Fiscal Note
HB0347S01 - Alcoholic Beverage Control Act Modifications
State Impact:
Enacting this bill reduces Department of Alcoholic Beverage Control current expense and personal service costs by $950,000 per year. An additional day of operation in a year in which a statewide election occurs will generate profit of approximately $140,000 for that year, every other year. Transition credits authorized by the bill will reduce Liquor Control Fund revenue by no more than $1,090,000. If the statutory credit cap is reached in the first year of implementation (FY 2010) - a year in which no statewide election occurs - the net impact on the Liquor Control Fund would be a loss of $140,000. This loss would decrease by $140,000 amounts that are transferred to the General Fund. Once the cap is reached, all new revenue will accrue to the General Fund.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($140,000) | $1,090,000 |
| Liquor Control Fund | $0 | ($950,000) | ($950,000) | $0 | ($950,000) | $0 |
| Total | $0 | ($950,000) | ($950,000) | $0 | ($1,090,000) | $1,090,000 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals. Businesses and individuals may be impacted due to changes in the proposed statutes.
| 3/9/2009, 5:15:15 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |