Colorado Legislative Council Staff

STATE

REVISED FISCAL IMPACT

(replaces fiscal impact dated January 19, 1999)

Drafting Number:

Prime Sponsor(s):

LLS 99-0303

Rep. Alexander

Sen. Chlouber

Date:

Bill Status:

Fiscal Analyst:

February 9, 1999

House 2nd Reading

Steve Tammeus (866-2756)

 

TITLE:            CONCERNING THE CAPTIVE WILDLIFE AND ALTERNATIVE LIVESTOCK BOARD, AND, IN CONNECTION THEREWITH, EXTENDING THE TERMINATION DATE OF THE BOARD AND MODIFYING THE CERVIDAE DISEASE REVOLVING FUND ADMINISTERED PURSUANT TO RECOMMENDATIONS OF THE BOARD.



Fiscal Impact Summary

FY 1999/2000

FY 2000/2001

State Revenues

General Fund

Cash Fund


-$6,543

$6,543


-$11,000

$11,000

State Expenditures

General Fund

 


 

FTE Position Change

0.0 FTE

0.0 FTE

Other State Impact: None

Effective Date: Upon signature of the Governor

Appropriation Summary for FY 1999-2000: None

Local Government Impact: None


Summary of Legislation


            This bill, as amended by the House Agriculture Committee, January 21, 1999, and the House Finance Committee, February 4, 1999, continues the Captive Wildlife and Alternative Livestock Board in the Department of Natural Resources to July 1, 2009. Under current law, the board is to be repealed July 1, 1999.


            The bill also requires all investment earnings of the Cervidae Disease Revolving Fund to be retained in the fund rather than be transferred to the state General Fund.



State Revenue


            Under current law, investment earnings of the Cervidae Disease Revolving Fund are transferred to the state General Fund. The revolving fund balance as of December 31, 1998 was approximately $46,500. During January 1999, the agriculture commission issued billing to Cervidae owners in the amount of $72,464, based upon a state Cervidae population of 9,058 animals at a fee of $8 per animal. Upon receipt of billing, the fund balance will be approximately $118,964 during FY 1998-99. Based upon an annual earnings rate of 5.5 %, the fund will earn $6,543. Per the provisions of this bill, this amount will be retained in the revolving fund rather than be transferred to the state General Fund.


            The balance of the revolving fund is capped at $200,000. The commission estimates the Cervidae population will maintain a minimal annual growth rate, barring any incidents of unusually high death rates. Therefore, based upon an average annual Cervidae population of 9,000 animals and a fee of $8 per animal, the total annual fee revenue to the revolving fund is estimated to be $72,000. As a result, the fund balance should reach the $200,000 cap during FY 1999-2000. At that time time, the fund will annually earn approximately $11,000 in investment earnings.



State Expenditures


            Captive Wildlife and Alternative Livestock Board. The continuation of an existing program does not affect base state expenditures. This section of the bill does not affect state expenditures.


            Cervidae Disease Revolving Fund. The bill retains investment earnings in the fund. Moneys in the fund are made available to indemnify owners of Cervidae destroyed for the control of ongoing contagious and infectious diseases. This section of the bill does not affect state expenditures.



State Appropriations


            This fiscal note would imply no new state appropriations are required for FY 1999-2000.



Departments Contacted

 

            Agriculture                 Natural Resources