Laserfiche WebLink
<br />Assuming recommended de-authorizations of $5,6 million are approved, a total of <br />approximately $27.7 million in new revenue is available from both sources for modifications to . <br />previous loan authorizations, new construction project loans, and other non-reimbursable expenses <br />in 1999, <br /> <br />The revenue projected as income to the Construction Fund in 1999 is $15.0 million. <br />Therefore, the Board may recommend up to $750,000 (5.0%) in loans for floodplain projects next <br />year. <br /> <br />In making recommendations to the General Assembly, the Board should be aware of <br />certain criteria and limitations set by statute which are summarized in an attachment to this memo. <br /> <br />Conclusion <br /> <br />As of the date of this memo, the total projected expenses is $27.5 million. Thus it appears <br />sufficient new cash will be available to fund the applications shown on the attached list. <br /> <br />Attachments <br /> <br />L:IBOARDMEMINOV981914c Funds Available,doc <br /> <br />2 <br /> <br />. <br /> <br />. <br />