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 Source | FY 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 |