Date Requested:February 17, 2011
Time Requested:05:43 PM
Agency: Highways, Division of
CBD Number: Version: Bill Number: Resolution Number:
2011R2741 Introduced SB536
CBD Subject: ROUTE THIRTY-FIVE
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
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 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
3. 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