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SPONSOR: |
Leavell |
DATE TYPED: |
|
HB |
|
||
SHORT TITLE: |
Drinking Water Loan Fund Appropriation |
SB |
109 |
||||
|
ANALYST: |
L. Kehoe |
|||||
APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
$1,610.5 |
|
|
|
Non-recurring |
PPRF |
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Duplicates
Appropriation in the General Appropriation Act
Relates
to Appropriation in the General Appropriation Act
REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
$1,160.5 |
|
|
Non-recurring |
DWRLF |
|
|
|
|
|
(Parenthesis ( ) Indicate Revenue Decreases)
LFC
Files
SUMMARY
Synopsis
of Bill
Senate Bill 109
appropriates $1,610.5 from the public project revolving fund (PPRF) to the
drinking water state revolving loan fund (DWRLF) to provide a 20% state match
for a capitalization grant from the federal Environmental Protection Agency for
implementation of the Drinking Water State Revolving Loan Fund Act. The bill includes an emergency clause.
Significant
Issues
The purpose of the Drinking Water Revolving Loan
Program is to improve and protect drinking water quality and public health by
providing public authorities in
As of December 2002, the loan capacity in the
DWRLF was approximately $14 million.
FISCAL IMPLICATIONS
The appropriation of
$1,610.5 contained in this bill is a non-recurring expense to the public project
revolving loan fund. Any unexpended or unencumbered balance remaining at the
end of fiscal year 2003 and subsequent years shall not revert to PPRF.
TECHNICAL ISSUES
Senate Bill 109 should be amended to reflect the
appropriation contained in the bill is intended as a state match. Suggested amendment: On page 1, line 19, between the words “years”
and “to” insert the words “as a 20% state match for a federal capitalization
grant.”
POSSIBLE QUESTIONS
LMK/njw