Legislative Fiscal Report : Presented to the ... Legislature 1999 Overview

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The Long-Range Building Program (LRBP) alone included $121.6 million in spending authority for capital projects — resulting in one of the largest building programs ever approved. Following is a summary of each LRP program; more detailed information can be found in Section F of Volume 2.
Long-Range Building Program Together, HB 5 and HB 14 authorized a total of 65 LRBP projects. HB 5 combines $9.2 million of capital projects funding with $69.1 million from other sources, for a total of $78.3 mil
...lion in cash funding for the LRBP. HB 5 also includes an appropriation of $3.9 million from the principal of the Cultural Trust to fund the acquisition, renovation, and preservation of Virginia City and Nevada City properties. Thus, total HB 5 appropriations are $82.2 million. In addition, HB 5 allocates $1.6 million in lodging facility use (bed) tax revenues for the operation and maintenance of the cities.
HB 14 approves capital projects to be funded with a total of $43.3 million in general obligation (G.O.) bonds, all of which are to be retired with general fund money.


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