LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 440 SLS 24RS 1339
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 29, 2024 9:18 AM Author: PRESSLY
Dept./Agy.: TREASURY
Subject: Creates the Dyslexia Fund Analyst: Julie Silva
FUNDS/FUNDING EN SEE FISC NOTE SG EX Page 1 of 1
Creates a Dyslexia Fund for the purpose of funding the testing of students for dyslexia. (gov sig)
Proposed legislation creates the Dyslexia Fund as a special fund within the state treasury. Provides that any money
transferred, donated, or appropriated to the fund by the legislature be deposited into the fund. Provides that monies in the
fund at the end of each fiscal year and the interest earned on the investment of monies in the fund will be credited to the
fund. Requires that, subject to appropriation, monies from the fund may only be used on costs associated with the
administration of a core assessment used to test students for dyslexia, as provided by law.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. SEE BELOW $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
There is no anticipated direct material effect on governmental expenditures as a result of this measure. Proposed law creates
the Dyslexia Fund and stipulates monies in the fund may only be used to fund costs associated with the administration of a
core assessment used to test students for dyslexia, as provided by law. Proposed legislation does not provide a recurring
source of revenue for the fund.
Creating a new statutory dedication within the state treasury will result in a marginal workload increase for the Department
of Treasury, which can generally be absorbed within existing resources. However, to the extent other legislative instruments
create new statutory dedications, there may be additional material costs associated with the aggregate effort to administer
these funds. The Treasury performs fund accounting, financial reporting, banking, and custodial functions for 443 special
funds. When unable to absorb additional workload with existing resources, the Treasury anticipates that it will be required to
add one T.O. position at a total personnel services cost of approximately $95,000 plus approximately $2,450 for a one-time
purchase of new office equipment. These expenditures are assumed to be SGR in this fiscal note.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure. Proposed law creates
the Dyslexia Fund but does not provide for a recurring source of revenue. Monies deposited into the fund will be contingent
upon transfers, donations, or appropriations into the fund by the legislature.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer