Fiscal Note

HB0252 - General Obligation Bonds for Engineering Buildings

State Impact:
No fiscal impact in FY 2003 or 2004. Issuance of bonds is predicated on the University of Utah and Utah State University raising a specific amount of funds. It is not anticipated that this fund raising effort will be compeleted for at least two years, delaying issuance. Upon issuance, it is anticipated that annual debt service costs would be $825,000 per year for five years with a final principal payment in the sixth year.
Individual and Business Impact:
No fiscal impact.

Office of the Legislative Fiscal Analyst
1/21/2002 12:42:14 PM

Last Revised: 30 August, 2000