Date Requested: February 24, 2015
Time Requested: 02:17 PM
Agency: Lottery Commission
CBD Number: Version: Bill Number: Resolution Number:
3243 Introduced HB2954
CBD Subject: Education (Higher)


Promise Scholarship Fund

Sources of Revenue:

Special Fund,Other Fund Lottery Fund

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    This bill will direct approximately $2,927,463 to the Promise Scholarship Fund in FY16. There will no impact on lottery revenues or expenses.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 2,927,463 2,927,463

Explanation of above estimates (including long-range effect):

    The abovementioned revenues to the Promise Scholarship Fund are based on racetrack video lottery projected revenues, and thus future years will vary as the total revenues will reflect a percentage of actual revenue collected.



    Person submitting Fiscal Note: Danielle Boyd
    Email Address: