Fiscal Analysis

IronOreMuseum

Project Cost Increase

Bill/Sponsor

SCR 14, Senator S. Johnson

House Committee

Appropriations

Analysis

Summary

A General Fund appropriation of $500,000 was authorized under PA 291 of 2000 to expand theState-ownedMichiganIronOreMuseum located inMarquetteCounty.  Over the years since, museum staff have been able to secure private financing to augment the State funds by $300,000.  This resolution authorizes the project cost increase and allows for expenditure of these funds.

The Joint Capital Outlay Subcommittee (JCOS) approved this resolution, with recommendation.  The Department of Management and Budget also supports the resolution.

State Fiscal Impact

None, the additional authorization is funded from gifts and donations.

Local Fiscal Impact

None.

MichiganIronOreMuseum Expansion Project

Current Authorizations

Requested

Change

Revised

Authorizations

State GF/GP

$500,000

$0

$500,000

Private Gifts/Donations

0

300,000

300,000

Totals

$500,000

$300,000

$800,000

Analyst(s)

Al Valenzio

Mitchell Bean, Director - House Fiscal Agency

124 N. Capitol Avenue, Lansing, MI 48909

 Phone: (517)373-8080, Fax: (517)373-5874

 http://www.house.mi.gov/hfa