|Date Requested:February 11, 2011
Time Requested:01:36 PM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
|The purpose of this legislation is to authorize state agencies to provide development assistance to qualified recipients. It also requires state agencies to annually submit copies of all development assistance agreements to the Department of Revenue.The Department of Revenue will then compile and submit an annual unified economic budget to the Legislature. In order to compile and provide the necessary information to the Department Of Revenue the Department of Commerce will need one additional staff person.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||80,000||80,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The above estimate is based on adding one additional person to to the Commerce Secretary's Office to compile the required information and keep track of the development projects.The costs above include salary,benefits, and operational expenses.