|Date Requested:January 21, 2014
Time Requested:10:25 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
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.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||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.
|SRIE deposits were not made for FY2014, per 2013 Legislature. Current proposal would continue cessation of deposits into SRIE account for FY2015 and FY2016.|