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SPONSOR: |
Maes |
DATE TYPED: |
|
HB |
|
||
SHORT TITLE: |
Encourage Business Development in |
SB |
271 |
||||
|
ANALYST: |
Collard |
|||||
APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
|
$500.0 |
|
$50.0 |
Recurring |
General
Fund |
(Parenthesis
( ) Indicate Expenditure Decreases)
Relates
to HB 133, HB 134, and SB 270
Responses
Received From
Economic
Development Department
SUMMARY
Synopsis
of 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 FY06 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
Senate Bill 271
relates to House Bill 134 and Senate Bill 270 because the bills all promote business
incubators in the state. Senate Bill 271
relates to House Bill 133 because the bills offer the same amount of money for
business incubators in the state. However,
House Bill 133 allots the appropriation for FY04 only.