Fiscal Note & Local Impact Statement
127 th General Assembly of Ohio
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BILL: |
DATE: |
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STATUS: |
SPONSOR: |
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LOCAL IMPACT
STATEMENT REQUIRED: |
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STATE FUND |
FY 2009 |
FY 2010 |
FUTURE YEARS |
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General Revenue Fund –
House and Senate |
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Revenues |
- 0 - |
- 0 - |
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Expenditures |
Potential negligible
increase |
- 0 - |
- 0 - |
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Note: The state
fiscal year is July 1 through June 30.
For example, FY 2009 is July 1, 2008 – June 30, 2009.
· There could be a negligible increase in GRF expenditures to cover costs associated with carrying out the Committee's duties, including the preparation of the final report. Neither the four legislative members nor the five members appointed by the Governor are to be compensated.
·
No
direct fiscal effect on political subdivisions.
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The bill creates the Water
Resources and Economic Development Study Committee. The Committee is to consist of two members of the House of
Representatives, two members of the Senate, and five members appointed by the
Governor for their knowledge of the use of Ohio's water resources as an
economic development mechanism. Within one year after the bill's effective
date, the Committee is to prepare and submit a report to the General Assembly
that (1) evaluates Ohio's water resources and the best ways in which those
resources can be used for economic development purposes, and (2) makes
recommendations to the General Assembly regarding any policy changes needed to
accomplish this goal. Although the bill
specifies that members are to serve without compensation, the House and Senate
might incur some negligible GRF costs for providing support to the Committee,
covering any travel for committee business, and producing the final
report.
LSC fiscal staff: Brian Hoffmeister, Budget Analyst