|
State Impact:
This bill could increase funding to the Uniform School Fund by $15,419,400 if all eligible state chartered credit unions remain state chartered. If all credit
unions that would become subject to the competitive equity fee become federally chartered there is a potential loss of $212,000 restricted revenue to
Financial Institutions and a loss of sales taxes from those institutions. The loss to Financial Institutions would not affect the operation of the Department.
| Funding Source |
FY 04
Approp. |
FY 05
Approp. |
FY 04
Revenue |
FY 05
Revenue |
|
Uniform School Fund
|
$0
|
$0
|
$15,419,400
|
$15,419,400
|
| TOTAL |
$0
|
$0
|
$15,419,400
|
$15,419,400
|
Individual and Business Impact:
Eligible credit unions will pay additional Corporate Franchise taxes and Competitive Equity fees.
Office of the Legislative Fiscal Analyst
2/5/2003 11:04:35 AM
|
