Nevada_Executive_Budget_2013-2015

B&I - INDUSTRIAL DEVELOPMENT BONDS
101-4683
PROGRAM DESCRIPTION
The Director's Office administers bond programs to include the Industrial Development Revenue Bond program to improve access to capital and promote business development and
expansion in the state. The Director also is responsible for the allocation of bonding authority (known as Volume Cap) between competing state and local interests. Fees from this program
are used for the development or enhancement of programs within the department as mandated under NRS 232.522.
BASE
This request continues funding for associated operating costs. One-time expenditures have been eliminated and partial year costs have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 70,710 172,350 285,088 285,088 410,853 391,004
BALANCE FORWARD TO NEW YEAR -172,349 0 0 0 0 0
APPLICATION FEES 0 1,000 1,000 1,000 1,000 1,000
VOLUME CAP TRANSFER FEES 114,600 69,455 114,600 87,600 114,600 87,600
MONORAIL BOND FEES 0 50,000 0 0 0 0
PROCESSING FEES 0 22,500 22,500 22,500 22,500 22,500
TREASURER'S INTEREST DISTRIB 0 3,908 1,000 1,000 1,000 1,000
TOTAL RESOURCES: 12,961 319,213 424,188 397,188 549,953 503,104
EXPENDITURES:
COST OF ISSUANCE 6,234 27,303 6,184 6,184 6,184 6,184
TRANSFER TO HOUSING DIVISION 6,727 6,822 7,151 0 7,151 0
RESERVE 0 285,088 410,853 391,004 536,618 496,920
TOTAL EXPENDITURES: 12,961 319,213 424,188 397,188 549,953 503,104
SUMMARY
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 70,710 172,350 285,088 285,088 410,853 391,004
BALANCE FORWARD TO NEW YEAR -172,349 0 0 0 0 0
APPLICATION FEES 0 1,000 1,000 1,000 1,000 1,000
VOLUME CAP TRANSFER FEES 114,600 69,455 114,600 87,600 114,600 87,600
MONORAIL BOND FEES 0 50,000 0 0 0 0
PROCESSING FEES 0 22,500 22,500 22,500 22,500 22,500
TREASURER'S INTEREST DISTRIB 0 3,908 1,000 1,000 1,000 1,000
TOTAL RESOURCES: 12,961 319,213 424,188 397,188 549,953 503,104
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 14
B&I - BUSINESS AND INDUSTRY