FUND(S):

Revenue Shortfall Reserve Fund/State Road Fund

Sources of Revenue:

General Fund,Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    
    The bill will require that the first $80 Million in the current year's revenue shortfall reserve fund be transferred to the State Road Fund for completion of the WV 35.
    
    The impact is an increase of $80 Million in the State Road Fund and a loss to the Revenue Shortfall Reserve Fund.



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 80,000,000 0


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


    
    The increase to the State Road Fund will be an $80 Million transfer from the Revenue Shortfall Reserve Fund.



Memorandum


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