Nevada_Executive_Budget_2013-2015

TREASURER - MUNICIPAL BOND BANK REVENUE
745-1086
PROGRAM DESCRIPTION
The Municipal Bond Bank, administered by the State Treasurer, was created by the 1981 Legislature for support of certain municipal projects through a bond bank. The Bond Bank allows
the state to sell its general obligation bonds to provide funds to purchase local bonds. The state's higher bond rating saves local entities substantial amounts of interest payments.
Statutory authority: NRS 350A.140 Powers of State Treasurer as Administrator of Municipal Bond Bank. 1. The State Treasurer is the Administrator of the Municipal Bond Bank.
NRS 350A.150 State securities issued to acquire municipal securities may be outstanding pursuant to this chapter in an aggregate principal amount of not more than $1.8 billion.
BASE
This request continues the funding for principal and interest payments for existing obligations for the Municopal Bond Bank. One-time expenditures have been eliminated and partial year
costs have been annualized.
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 0 2,626 0 0 0 0
BALANCE FORWARD TO NEW YEAR -2,626 0 0 0 0 0
TREASURER'S INTEREST DISTRIB 2,837 12,043 211 1,125 211 1,125
INTEREST PAYMENTS FOR BONDS 16,203,969 28,882,384 16,328,484 16,328,484 16,501,652 16,501,652
TOTAL RESOURCES: 16,204,180 28,897,053 16,328,695 16,329,609 16,501,863 16,502,777
EXPENDITURES:
TRANSFER TO TREASURER 0 14,458 0 0 0 0
TRANSFER TO DEBT SERVICE 16,203,969 28,882,384 16,328,484 16,329,398 16,501,652 16,502,566
TRANSFER FOR SWCAP 211 211 211 211 211 211
TOTAL EXPENDITURES: 16,204,180 28,897,053 16,328,695 16,329,609 16,501,863 16,502,777
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 0 2,626 0 0 0 0
BALANCE FORWARD TO NEW YEAR -2,626 0 0 0 0 0
TREASURER'S INTEREST DISTRIB 2,837 12,043 211 1,125 211 1,125
INTEREST PAYMENTS FOR BONDS 16,203,969 28,882,384 16,328,484 16,328,484 16,501,652 16,501,652
TOTAL RESOURCES:
EXPENDITURES:
16,204,180 28,897,053 16,328,695 16,329,609 16,501,863 16,502,777
TRANSFER TO TREASURER 0 14,458 0 0 0 0
TRANSFER TO DEBT SERVICE 16,203,969 28,882,384 16,328,484 16,329,398 16,501,652 16,502,566
TRANSFER FOR SWCAP 211 211 211 211 211 211
TREASURER'S OFFICE ELECTED - 189
TREASURER - TREASURER'S OFFICE