Fiscal Note

SB0005 - Revenue Bond and Capital Facilities Authorizations

State Impact:
Debt service on revenue bonds authorized in this bill will be paid from departmental / institutional operating revenues. Revenue bonds issued for the Department of Alcoholic Beverage Control may impact the General Fund through changes in liquor profits. If institutions of higher education are successful in raising funds sufficient to construct authorized facilities, the bill allows certain institutions to request state funds for operations and maintenance (O&M) of the facilities. The annual O&M is estimated as follows: U of U Eccles School of Business Building: $644,500 U of U Kennecott Building: $168,400 U of U Sorenson Arts and Education Complex: $573,600 U of U Meldrum Civil Engineering Building: $73,800 U of U Universe Project: $280,000 UVU Business Resource Center: $88,600 UVU Track and Field Facility: $30,000 UVU Intramural Fields: $80,000

Funding SourceFY 2009
Approp.
FY 2010
Approp.
FY 2011
Approp.
FY 2009
Revenue
FY 2010
Revenue
FY 2011
Revenue
   Total
$0

$0

$0

$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.

3/4/2009, 11:52:25 AM, Lead Analyst: Amon, R.Office of the Legislative Fiscal Analyst