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F I S C A L I M P A C T R E P O R T
SPONSOR Griego
ORIGINAL DATE
LAST UPDATED
2/20/07
HB
SHORT TITLE San Ysidro Mutual Domestic Loan Repayment
SB 1127
ANALYST Kehoe
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$100.0 Non-Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Department of Finance and Administration (DFA)
SUMMARY
Synopsis of Bill
Senate Bill 1127 appropriates $100 thousand from the general fund to the State Board of Finance
to repay an emergency loan provided to the San Ysidro Mutual Domestic water Consumers
Association.
FISCAL IMPLICATIONS
The appropriation of $100 thousand contained in this bill is a non-recurring expense to the
general fund. Any unexpended or unencumbered balance remaining at the end of 2008 shall
revert to the general fund.
SIGNIFICANT ISSUES
According to the Department of Finance and Administration, the State Board of Finance
approved a loan in the amount of $100 thousand on December 14, 2004, for the North San
Ysidro Mutual Domestic Water Consumers Association to repair a damaged community well.
State assistance with repaying the State Board of Finance loan will allow the association to pay
other unanticipated costs of drilling a new well in order to ensure an adequate supply of drinking
water for the users the well serves.