[1] NOTE: As provided in LFC policy, this report is intended only 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.

Only the most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website. The Adobe PDF version includes all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be obtained from the LFC’s office in Suite 101 of the State Capitol Building North.

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

SPONSOR:	Sen. Altamirano		DATE TYPED:	1/28/02		HB
SHORT TITLE:		Grant County Emergency Loan				SB	154
					ANALYST:		Joey F. Sandoval

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY02	FY03	FY02	FY03
	$189.0			Non-Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates House Bill 212

SOURCES OF INFORMATION

LFC files

No Response

Department of Finance and Administration

SUMMARY

Senate Bill 154 appropriates $189.0 from the general fund to State Board of Finance for the purpose of paying off an emergency loan made by the State Board of Finance to Grant County.

FISCAL IMPLICATIONS

The appropriation of $189.0 contained in this bill is a non-recurring expense to the general fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

POSSIBLE QUESTIONS

Why is Grant County unable to pay back this loan ?
What plan does Grant County have in place to pay this debt if an appropriation is not made?

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

SOURCES OF INFORMATION

LFC files

JFS/njw