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F I S C A L I M P A C T R E P O R T
SPONSOR Moore
ORIGINAL DATE
LAST UPDATED
2-2-06
HB 297
SHORT TITLE Northeast Regional Cooperative Building
SB
ANALYST Dearing
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY06
FY07
$500.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
SUMMARY
Synopsis of Bill
House Bill 297 appropriates $500,000 from the general fund to the Public Education Department
for the purpose of for expenditure in fiscal year 2007 to fund the operation and maintenance of a
newly purchased and renovated building for the Northeast Regional Education Cooperative.
FISCAL IMPLICATIONS
The appropriation of $500,000 contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall revert
to the general fund.
SIGNIFICANT ISSUES
Regional Education Cooperatives (RECs) primarily provide ancillary services to support special
education students for school districts throughout the state. Recently, they have been moving
into managing other programs for smaller school districts. They provide economies of scale for
small rural school district throughout the state.