Fiscal Note
HB0444S01 - Budget Implementation Adjustments - Tobacco Settlement Funds
State Impact:
This Legislation increases ongoing appropriations from the Tobacco Settlement Restricted Account by $1,147,800. The total of all changes to the Tobacco Settlement Restricted Account mentioned in the legislation adds to $1,424,200. This is because $276,400 of the increase comes from a decrease in non-specified appropriation. This Legislation appropriates $2,500,000 one-time from the Tobacco Settlement Restricted Account in FY 2010: $500,000 to the Department of Health; $1,600,000 to the Division of Arts and Museums; and $400,000 to the Division of Housing and Community Development. The bill transfers $352,200 Cigarette Tax Restricted Account ongoing from the Department of Health to the General Fund beginning in FY 2010.
| 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 | $352,200 | $352,200 |
| General Fund Restricted | $0 | $3,647,800 | $1,147,800 | $0 | $0 | $0 |
| Total | $0 | $3,647,800 | $1,147,800 | $0 | $352,200 | $352,200 |
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.
| 3/12/2009, 11:40:13 AM, Lead Analyst: Frandsen, R. | Office of the Legislative Fiscal Analyst |