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 |
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State Expenditures General Fund |
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FTE Position Change |
None |
None |
Local Government Impact — Creates 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