COMMONWEALTH OF KENTUCKY

STATE FISCAL NOTE STATEMENT

GENERAL ASSEMBLY / LEGISLATIVE RESEARCH COMMISSION
2000 REGULAR SESSION / 1998-99 INTERIM

MEASURE

(X) 2000 BR No. / 971 / (X) / House / Bill No. / 192/GA
() Resolution No. / () Amendment No.
SUBJECT/TITLE / An Act relating to state leasing.
SPONSOR / Representative Jody Haydon

NOTE SUMMARY

Fiscal Analysis: / Impact / X No Impact / Indeterminable Impact
Level(s) of Impact: / State / Local / Federal
Budget Unit(s) Impact
Fund(s) Impact: / General / Road / Federal
Restricted Agency (Type) / (Other)

FISCAL SUMMARY

______

Fiscal Estimates / 1999-2000 / 2000-2001 / 2001-2002 / Future Annual
Rate of Change
Revenues (+/-)
Expenditures (+/-)
Net Effect

______

MEASURE'S PURPOSE: Provides a statutory mechanism for lease authorization procedures during the Interim when the annual cost of the lease is over $200,000 and less than $250,000, if the lease was originally under $200,000 and then renewed after competitive bidding.

PROVISION/MECHANICS: Amends KRS 48.111 to authorize a lease over $200,000 to be effective though not included in the current biennial budget under defined situations; places a cap of two hundred and fifty thousand dollars ($250,000) on the total lease amount; identifies restrictions when the lease may be awarded; and allows a lease to remain in effect until June 30 of the next even year unless included in the biennial budget report and branch budget bill.

FISCAL EXPLANATION: HB 192 has no direct fiscal impact. Under KRS 48.111, leases which exceed the $200,000 threshold but are not authorized in the biennial budget, may be authorized during the Interim through various exemptions. HB 192 establishes an additional exemption in KRS 48.111. Although HB 192 has no direct fiscal impact, to the extent increased lease costs are incurred by agencies, a fiscal impact would occur.

DATA SOURCE(S) / Capital Projects and Bond Oversight Committee Staff
NOTE NO. / 104 / PREPARER / Nancy Osborne / REVIEW / DATE / 2/9/00

LRC 2000-BR 971