| Date Requested:January 14, 2012 Time Requested:01:12 PM |
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| FUND(S) General Revenue Fund & Special Road Fund | |||
|---|---|---|---|
Sources of Revenue | |||
| General Fund,Special Fund | |||
Legislation creates:
A New Fund | |||
Effect this measure will have on costs and revenues of state government.
| This bill was introduced in 2011 and has been reintroduced for the 2012 Legislative Session. However, the bill, as written, contains an internal effective date that was not updated for the current year. The unchanged internal effective date would result in a retroactive change in the law. Retroactivity would produce a significant fiscal impact and an administrative burden much greater than that associated with a prospective change. Given that the legislation as introduced in 2011 was prospective, we do not believe retroactivity and the resulting increased fiscal impact and administrative burden are intended. Therefore, we are returning the bill without further analysis.
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| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2012 Increase/Decrease (use"-") |
2013 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 | 0 | 0 |
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3. Explanation of above estimates (including long-range effect):
This bill was introduced in 2011 and has been reintroduced for the 2012 Legislative Session. However, the bill, as written, contains an internal effective date that was not updated for the current year. The unchanged internal effective date would result in a retroactive change in the law. Retroactivity would produce a significant fiscal impact and an administrative burden much greater than that associated with a prospective change. Given that the legislation as introduced in 2011 was prospective, we do not believe retroactivity and the resulting increased fiscal impact and administrative burden are intended. Therefore, we are returning the bill without further analysis.
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