|Date Requested:February 13, 2014
Time Requested:02:35 PM
| FUND(S) |
Pari-Mutuel Wagering & Lottery
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|There will be no financial impact on state government as a result of HB4511. This will result in a reduction of assets on the Racing Commission's balance sheet and will have no income statement impact.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The bill only creates a balance sheet transaction. The reduction is in assets set aside from the Greyhound Breeding Dev. Fund to seperate bank accounts for the construction of training tracks. The bill call for the funds to revert back to the Greyhound Breeding Dev. Fund to be dispursed to qualifing participants. There will be no long-range impact on costs or revenues.