FUND(S):

General Revenue Fund & Special Road Fund

Sources of Revenue:

General Fund,Special Fund

Legislation creates:

A New Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    As written, the passage of this bill would result in a transfer of about $26 million per year from the General Revenue Fund to the Division of Highways.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill if the transfer from the General Revenue Fund occurs one month in arrears to allow for proper accounting of funds collected.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    As written, the passage of this bill would result in a transfer of about $26 million per year from the General Revenue Fund to the Division of Highways.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill if the transfer from the General Revenue Fund occurs one month in arrears to allow for proper accounting of funds collected.
    



Memorandum


    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    The proposed language in this bill does not provide for any specifically named fund to be established by the Commissioner of Highways.
     Person submitting Fiscal Note: Mark Muchow
     Email Address: kerri.r.petry@wv.gov