NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



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F I S C A L I M P A C T R E P O R T





SPONSOR: Thompson DATE TYPED: 01/23/01 HB 12
SHORT TITLE: Venture Capital Program Reporting SB
ANALYST: Dotson


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02

NFI



(Parenthesis ( ) Indicate Expenditure Decreases)



SUMMARY OF INFORMATION



State Investment Council

SUMMARY



Synopsis of Bill



HB12 requires the State Investment Officer to report annually to the Legislature and Legislative Finance Committee. The bill does not have an appropriation.



Significant Issues



According to the State Investment Council, the potential lag time between reports to the Legislature and Legislative Finance Committee could result in significantly and materially different reports. Since this reporting is already done upon request, it will not add significantly to the workload of the agency nor require additional appropriations.



PERFORMANCE IMPLICATIONS



The reports to the Legislature and Legislative Finance Committee will not effect the performance of the agency.



FISCAL IMPLICATIONS



None



PD/njw:ar