SB 0878 - Fiscal Note

Fiscal Note - SB 0878 - Allows Up To $3M For Sports Complex Funds

L.R. NO.  3103-01
BILL NO.  SB 878
SUBJECT:  Amusement; Appropriations
TYPE:     Original
DATE:     February 15, 1996



                              FISCAL SUMMARY
                    ESTIMATED NET EFFECT ON STATE FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
General Revenue $0 to ($1,000,000)  $0 to ($1,000,000)$0 to ($1,000,000)

Total Estimated
Net Effect on All
State Funds     $0 to ($1,000,000)  $0 to ($1,000,000)$0 to ($1,000,000)

                   ESTIMATED NET EFFECT ON FEDERAL FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
None

Total Estimated
Net Effect on All
Federal Funds                   $0                  $0                $0

                    ESTIMATED NET EFFECT ON LOCAL FUNDS


FUND AFFECTED              FY 1997             FY 1998           FY 1999
Local Government  $0 to $1,000,000    $0 to $1,000,000  $0 to $1,000,000


                              FISCAL ANALYSIS

ASSUMPTION

Current law provides for appropriations of up to $2 million for each
Convention and Sports Complex Fund created pursuant to section 67.639.
Currently only one eligible entity is receiving an appropriation to the
Convention and Sports Complex Fund. Oversight assumes this proposal would add
an additional $1,000,000 to what could be appropriated. Oversight has shown a
range for the fiscal impact of this proposal.

FISCAL IMPACT - State Government     FY 1997      FY 1998      FY 1999
                                    (10 Mo.)
GENERAL REVENUE FUND

Loss-to General Revenue Fund
  Additional Appropriations to
  Convention and Sports Complex Funds     $0           $0           $0
                                          to           to           to
                                ($1,000,000) ($1,000,000) ($1,000,000)

FISCAL IMPACT  - Local Government    FY 1997      FY 1998      FY 1999
                                    (10 Mo.)

Income-to Convention Sports and
   Complex Funds from additional          $0           $0           $0
   appropriations                         to           to           to
                                  $1,000,000   $1,000,000   $1,000,000

DESCRIPTION

This bill increases the amount that the General Assembly may appropriate from
the state general revenue fund to each convention and sports complex fund
created according to state statute from $2 million to $3 million. No more
that $3 million may be transferred from the state to any particular
convention and sports complex fund in any fiscal year. This is effective only
when the county or city has commenced to make payments to the convention and
sports complex fund in  sufficient amounts for the county or city to
contribute the sum of $3 million per calendar year. The money appropriated
will not be spent until first class charter counties or a city located in a
first class charter county have paid $3 million into the fund.

This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.


SOURCES OF INFORMATION

Oversight Division