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<br />15 <br /> <br />~ <br /> <br />Discussion <br /> <br />I <br /> <br />. <br /> <br />Attached is a financial statement slll11ll)arizing the FY 2000-01 Severance Tax <br />Trust Fund Perpetual Base Account cash available and projected expenses. Total <br />unreserved cash available for new projects and 'other expenses is $9,907,843. Projected <br />expenses are $4,577,000, leaving a projected balance of $5,330,843. This number <br />includes projects presented at the November Board meeting and additional applications <br />and recommendations to be presented at the Janllary Board Meeting. <br /> <br />In making reconrrnendations 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 />. <br /> <br />Conclusion <br /> <br />As of the date of this memo, it appears sqfficient cash will be available to fund the <br />applications shown on the attached list ' <br /> <br />Attachments <br /> <br />. <br /> <br />. <br /> <br />A vailable,doc <br /> <br />JanO I item5bSTFunds <br /> <br />. <br />