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SPONSOR: |
Coll |
DATE TYPED: |
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HB |
133/aHBIC |
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SHORT TITLE: |
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SB |
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ANALYST: |
Collard |
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APPROPRIATION
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Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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$500.0 |
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$50.0 |
Recurring |
General
Fund |
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(Parenthesis
( ) Indicate Expenditure Decreases)
Relates
to HB 134, SB 270 and SB 271
Responses
Received From
Economic
Development Department
SUMMARY
Synopsis
of HBIC Amendment
The House Business and Industry Committee
amended House Bill 133 to extend the time of use from FY04 to FY04 through
FY06.
Significant
Issues
The Economic Development Department indicates
the amendment, like the original bill, does not provide for staff and
administrative money for the department.
The department again indicates the need for an additional FTE at $50,000
per year to administer this program.
Synopsis
of Original Bill
House Bill 133
appropriates $500.0 from the general fund to the Economic Development Department
for the purpose of contracting for support and expansion of business incubation
services in northern
Significant
Issues
Support and expansion of business incubation
services include:
·
Program development,
·
Operating costs,
·
Outreach to diverse clientele,
·
Development of evaluation tools, and
·
Methods to ensure accountability
FISCAL IMPLICATIONS
The appropriation of
$500.0 contained in this bill is a recurring expense to the general fund. Any
unexpended or unencumbered balance remaining at the end of FY04 shall revert to
the general fund.
The Economic
Development Department is concerned that there are not monies attached to the
bill for administration, evaluation, and auditing costs. The administration of this work would require
additional FTE at a cost of $50.0.
ADMINISTRATIVE IMPLICATIONS
The Economic
Development Department indicates it does not currently have the staff to administer
this program. An additional FTE would be
needed for the administration and evaluation of the contracts.
RELATIONSHIP
House Bill 133 relates
to House Bill 134 and Senate Bill 270 because both bills promote business incubators
in the state. House Bill 133 relates to
Senate Bill 271 because the bills offer the same amount of money for business
incubators in the state, however, Senate Bill 271 allots the appropriation from
2004 through 2006.