Colorado Legislative Council Staff

STATUTORY PUBLIC ENTITY

CONDITIONAL FISCAL NOTE

No State General Fund Impact


Drafting Number:

Prime Sponsor(s):

LLS 98-658

Rep. Grampsas

Date:

Bill Status:

Fiscal Analyst:

February 7, 1998

House Transportation

Scott Nachtrieb (866-4752)

 

TITLE:            CONCERNING THE CREATION OF THE COLORADO INTERMOUNTAIN FIXED GUIDEWAY AUTHORITY.



Summary of Legislation


            The bill would create the Colorado Intermountain Fixed Guideway Authority which would be governed by an eleven-member board. The authority’s goal would be to build a fixed guideway system for Interstate Highway 70 from the Denver International Airport to the Eagle County Airport. Six members of the authority would be appointed, two each by the President of the Colorado State Senate, the Speaker of the Colorado House of Representatives, and the Governor. The other five members would be appointed by the Board of County Commissioners in Eagle, Summit, Clear Creek, Jefferson, and the Denver City Council.


STATE FISCAL IMPACT SUMMARY

FY 1998/99

FY 1999/2000

State Revenues

General Fund


 


 

State Expenditures

General Fund


 


 

FTE Position Change

None

None

Local Government ImpactCreates Colorado Intermountain Fixed Guideway Authority Board


            The powers and duties of the Colorado Intermountain Fixed Guideway Authority Board would include the authority to analize models of fixed guideway technology and develop a plan that would include design, financing, development, and construction. The board would file an annual report with the General Assembly. The board may submit a proposal for a plan that would research, develop, test, and demonstrate a $100 million demonstration portion of the fixed guideway system that would not exceed 2 years starting on January 1, 2001. This bill would become effective July 1, 1998.


Local Government Impact


            Colorado Intermountain Fixed Guideway Authority. The bill establishes the board for the authority and allows the board to receive gifts, grants, money, property, labor or other items of value to carry out the purposes of the bill. Therefore, this bill is assessed as having a conditional fiscal impact to the statutory public entity. The board would develop plans to build the transit system and submit them to the General Assembly. The plans could include the option of holding an election for electorate approval of public financing. The provisions of the bill would be repealed July 1, 2003.


Spendng Authority


            This fiscal note implies that no additional spending authority would be required for FY 1997-98 to implement this bill.


Departments Contacted


Revenue          Transportation