Date Requested:January 28, 2011
Time Requested:12:12 PM
Agency: Transportation, Department of
CBD Number: Version: Bill Number: Resolution Number:
2011R1973 Introduced HB2561
CBD Subject: W V TRANSPORTATION FINANCE COMMISSION
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
Over-all effect
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
3. 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