STATEMENT OF PURPOSE
RS30502 / H0277
This is the fiscal year 2024 original appropriation bill for the Endowment Fund Investment Board, which is
organized under the State Board of Land Commissioners. It appropriates a total of $872,600 and caps the
number of authorized full-time equivalent positions at 4.00.
FISCAL NOTE
FTP Gen Ded Fed Total
FY 2023 Original Appropriation 4.00 0 833,500 0 833,500
FY 2023 Estimated Expenditures 4.00 0 833,500 0 833,500
Removal of Onetime Expenditures 0.00 0 (2,000) 0 (2,000)
FY 2024 Base 4.00 0 831,500 0 831,500
Personnel Benefit Costs 0.00 0 1,200 0 1,200
Inflationary Adjustments 0.00 0 12,000 0 12,000
Replacement Items 0.00 0 3,500 0 3,500
Statewide Cost Allocation 0.00 0 6,500 0 6,500
Change in Employee Compensation 0.00 0 12,200 0 12,200
FY 2024 Program Maintenance 4.00 0 866,900 0 866,900
DHR Consolidation 0.00 0 5,700 0 5,700
FY 2024 Total 4.00 0 872,600 0 872,600
Chg from FY 2023 Orig Approp 0.00 0 39,100 0 39,100
% Chg from FY 2023 Orig Approp. 0.0% 4.7% 4.7%
Contact:
Representative Britt Raybould
(208) 332-1173
Senator Rick Just
(208) 332-1407
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/07/2023, 8:30 AM