Colorado Legislative Council Staff

LOCAL

CONDITIONAL FISCAL IMPACT

No State General Fund Impact

Drafting Number:

Prime Sponsor(s):

LLS 99-0415

Sen. Phillips

Date:

Bill Status:

Fiscal Analyst:

January 9, 1999

Senate Local Government

Steve Tammeus (303-866-2756)

 

TITLE:            CONCERNING AUTHORIZATION FOR A COUNTY TO FINANCE THE ACQUISITION OF REAL PROPERTY FOR PUBLIC RECREATIONAL USE BY ENTERING INTO A LEASE PURCHASE AGREEMENT.


Fiscal Impact Summary

FY 1999/2000

FY 2000/2001

State Revenues

General Fund

 

 

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: Expands county authority to enter into lease-purchase agreements.


Summary of Legislation


            Under current law, any county is authorized to enter into lease-purchase agreements to provide financing for a courthouse, jail, other county building or equipment to be used for governmental purposes. This bill authorizes any county to enter into lease-purchase agreements to finance a public park, a public trail, or a public open space.



Local Government Impact

 

            Any county that elects to enter into such lease-purchase agreements will incur a financial obligation per the terms of the agreement which may, or may not, include associated operating and maintenance expenses.



State Appropriations

 

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


Departments Contacted

            Local Affairs