|Date Requested:February 17, 2011
Time Requested:05:43 PM
| FUND(S) |
Revenue Shortfall Reserve Fund/State Road Fund
Sources of Revenue
|General Fund,Special Fund|
Legislation creates:Neither Program nor Fund
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.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||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.