Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB703 by Watson (Relating to annual reports regarding federal funding for state agencies.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would require state agencies to include in their annual financial reports an explanation of the amount of federal funding the agency uses to fund agency operations and the amounts of any increases in federal funding that would be available to the agency if state funding for agency operations were increased.
Local Government Impact
No fiscal implication to units of local government is anticipated.