|Date Requested:February 14, 2011
Time Requested:11:05 AM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
|The purpose of this bill is to enact the Marcellus Gas and Manufacturing Development Act which encourages and facilitates the development of oil and gas wells and the downstream uses of natural gas in the state and economic development in the state associated with production and various downstream uses. Although this legislation contains several incentives designed to attract energy related industries as well as promote the use of alternative fuel supplies, it does not specific effects on the operational costs of the Development Office or the Division of Energy.|
|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):
The legislation as written does not have any effect on the cost of operations or the revenues of the Development Office or the Division of Energy.