Program Authorization: R.S. 39:1796
This funding represents the Division of Administration's payments for bonded indebtedness on state buildings maintained by the Louisiana Office Building Corporation and the Office Facilities Corporation. The Louisiana Office Building Corporation is a nonprofit, quasi-public corporation which was created to construct or acquire and lease buildings and facilities on behalf of and for the benefit of the state and may finance such acquisitions by issuing bonds. Space and rental allocation in this schedule for this corporation is for the Education Office building and the Baton Rouge Office building lot rental. The Louisiana Office Facilities Corporation is a nonprofit corporation, which finances the acquisition or construction of public facilities for lease to the state through the issuance of revenue bonds. Rental cost components in this schedule for this corporation are the Brandywine State Complex, Wooddale State Office Building, Human Services Center, and Harvey State Office building.
RESOURCE ALLOCATION FOR THE PROGRAM
This agency's recommended appropriation does not include any funds for short-term debt.
This agency's recommended appropriation includes $4,706,919 for long-term debt.
SOURCE OF FUNDING
The source of funding for this program is State General Fund, Self-generated Revenue and Interagency Transfers from agencies housed in state buildings and assessed a rental charge.
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 93.0% of the existing operating budget. It represents 100.0% of the total request ($4,706,919) for this program. The recommended is reflective of the debt service/maintenance schedule requirements for Fiscal Year 2000.
ACQUISITIONS AND MAJOR REPAIRS
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