2001 Senate Bill 233 ↩

House Roll Call 454: Passed

The final conference report for the FY 2001-2002 Department of Consumer and Industry Services budget. This appropriates $569.8 million in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to the current year’s $529.6 million, which was the amount enacted in 2000. $42.7 million will come from the General Fund (funded by actual state tax revenues), compared to the current year’s $83.7 million. Te decrease in General Fund spending is overstated because the FY 2001-2002 figure is reduced by the transfer of more than $25 million worth of programs to the new Department of Arts, History, and Libraries. The increase in adjusted gross funding is overstated because it includes a $60 million restricted fund appropriation for low income energy assistance, facilitation of more efficient energy use by consumers, and more efficient energy distribution statewide (approximately $20 million each). The money would come from utility savings realized through the securitization of ‘stranded costs,’ which was part of the 2000 electric power.