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House Finance reviews fiscal note for bulk-fuel loan-cap bill; staff call impact 'indeterminate'
Summary
Legislative staff told the committee that HB388’s fiscal impact is indeterminate because capitalization depends on surplus waterfalls and a pending amendment that raises per-loan caps. Members pressed staff on capitalization sources, loan timing and average loan size.
The House Finance Committee reviewed the fiscal note for House Bill 388 — a bill to increase bulk-fuel loan caps — on May 8. Bridal Anderson, staff to Representative Foster, said the House Finance fiscal note treats the measure as affecting fund transfers and the bulk fuel revolving loan fund and described the fiscal impact as indeterminate because it depends on demand and any forthcoming amendment.
"This is an indeterminate fiscal note," Anderson said. "The exact number is unknown at this time, so the amount is indeterminate and it is based on…
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