|Date Requested:February 04, 2011
Time Requested:12:13 PM
| FUND(S) |
Underground Storage Tank Administrative Fund (3325)
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|This proposed legislation will have no impact on costs and revenues of State government. The proposed legislation merely increases the balance that may be in the fund at the beginning of the fiscal year. This is NOT a fee increase.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Estimated total costs and estimated total revenues WILL NOT change. The proposed legislation would enable an increase in the fund balance that may be carried forward at the beginning of the fiscal year. This increase in the fund balance is necessary to offset a decline in federal grant funds.
|Failure to pass this proposed legislation would impact state government operations in the Underground Storage Tank program. The current fund balance allowed is insufficient to offset the decline in federal grant revenue and maintain current level of operations.|