Date Requested:January 21, 2014
Time Requested:10:25 AM
Agency: Transportation, Department of
CBD Number: Version: Bill Number: Resolution Number:
2014R1619 Introduced SB329
CBD Subject: SPECIAL RAILROAD AND INTERMODAL ENHANCEMENT FUND
FUND(S)
Sources of Revenue
Special Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

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

    Continuation of cessation of deposits into this fund will result in absence of funding sources available in West Virginia for implementation of rail related projects.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2014
Increase/Decrease
(use"-")
2015
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 -43,000,000 0
3. Explanation of above estimates (including long-range effect):
    Absence of SRIE deposits will result in decrease of $4.3 million available for use by WVPPA in FY2015 and same amount in FY2016 per proposed legislation.


Memorandum
Person submitting Fiscal Note:
Lorrie Hodges
Email Address:
Lorrie.a.hodges@wv.gov
    SRIE deposits were not made for FY2014, per 2013 Legislature. Current proposal would continue cessation of deposits into SRIE account for FY2015 and FY2016.