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F I S C A L I M P A C T R E P O R T
SPONSOR Lundstrom
ORIGINAL DATE
LAST UPDATED
1/25/07
HB 158
SHORT TITLE Cooperative Advertising Program
SB
ANALYST Earnest
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$600.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to appropriation in the General Appropriation Act.
Duplicates Senate Bill 58.
SOURCES OF INFORMATION
LFC Files
Responses Not Received From
Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 158 appropriates $600 thousand from the general fund to the Economic Development
Department to support the cooperative advertising program.
FISCAL IMPLICATIONS
The appropriation of $600 thousand contained in this bill is a recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of fiscal year 2008 shall
revert to the general fund.
SIGNIFICANT ISSUES
The cooperative advertising program at EDD provides matching funds to local economic
development organizations to support marketing and advertising needs in communities across the
state. In FY07, EDD awarded $200 thousand to about 45 communities.