FUND(S):

6700-16 STATE ROAD FUND

Sources of Revenue:

Special Fund

Legislation creates:

A New Program,A New Fund



Fiscal Note Summary


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


    This legislation would create the State Transportation Finance Commission which would be funded by:
    
     1. Legislative appropriations from the General Revenue Fund;
     2. A maximum of $10 Million MAY be donated by the DOH from the State Road Fund;
     3. Any Federal funds specifically made available to the bank;
     4. Contributions or donations from other public agencies or private entities;
     5. Payments from loans made by the bank; and
     6. Other lawful donations determined by the board.
    



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 10,000,000 10,000,000 10,000,000
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 MAXIMUM amount of money that MAY be donated from the State Road Fund is capped at $10 million.
    
    
    Any monies allocated or donated by the Legislature or other groups is unknown; therefore, a figure cannot be included.
    



Memorandum


     Person submitting Fiscal Note: Kathy J Holtsclaw
     Email Address: Kathy.J.Holtsclaw@wv.gov