Fiscal Note

SB0195 - Public Employee Defined Contribution Amendments

State Impact:
Enactment of this bill would yield a one-time savings of approximately $12,925,500 from various funds as shown in the table. Of that savings, $11,506,000 is in the General and Education funds.

Funding SourceFY 2009
Approp.
FY 2010
Approp.
FY 2011
Approp.
FY 2009
Revenue
FY 2010
Revenue
FY 2011
Revenue
General Fund, One-Time$0($1,071,400)$0$0$0$0
General Fund Restricted$0($196,200)$0$0$0$0
Education Fund, One-Time$0($10,434,600)$0$0$0$0
Transportation Fund, One-time$0($259,400)$0$0$0$0
Transportation Fund Restricted$0($47,700)$0$0$0$0
Federal Funds$0($629,600)$0$0$0$0
Federal Mineral Lease$0($7,800)$0$0$0$0
Dedicated Credits$0($167,600)$0$0$0$0
Trust Funds$0($76,700)$0$0$0$0
Transfers$0($34,500)$0$0$0$0
   Total
$0

($12,925,500)

$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 businesses or local governments. Some individuals may be impacted due to this change the proposed statute.

3/4/2009, 12:17:35 PM, Lead Analyst: Schoenfeld, J.D.Office of the Legislative Fiscal Analyst