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<br />.' ~~. <br /> <br />~ <br /> <br />.. <br /> <br />Discussion <br /> <br />. <br /> <br />Attached is a financial statement summarizing the FY 1999-00 Severance Tax <br />Trust Fund Perpetual Base Account cash available. Total unreserved cash available for <br />new projects is $13,106,366, projected expenses are $12,768,600, leaving a projected <br />balance of $337,766. This number includes project approvals from the November and <br />January Board meetings and additional applications and recommendations to be <br />presented at the March Board Meeting. <br /> <br />In making recommendations to the General Assembly, the Board should be aware <br />of certain criteria and limitations set by statute which are summarized in an attachment to <br />this memo. <br /> <br />Conclusion <br /> <br />As of the date of this memo, it appears sufficient cash will be available to fund the <br />applications shown on the attached list. <br /> <br />Attachments <br /> <br />e <br /> <br />e <br /> <br />MarOO.7bmemo.doc <br />