FISCAL NOTE
FUND(S):
6700-16 STATE ROAD FUND
Sources of Revenue:
Special Fund
Legislation creates:
A New Program,A New Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This legislation would crate the State Transportation Finance Commission which would be funded by:
1. Legislative appropriations from the General Revenue Fund;
2. A maximum of $10 Million MAY be donated by the DOH from the State Road Fund;
3. Any Federal funds specifically made available to the bank;
4. Contributions or donations from other public agencies or private entities;
5. Payments from loans made by the bank; and
6. Other lawful donations determined by the board.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2010 Increase/Decrease (use"-") |
2011 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
10,000,000 |
10,000,000 |
10,000,000 |
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 |
Explanation of above estimates (including long-range effect):
The MAXIMUM amount of money that MAY be donated from the State Road Fund is capped at $10 million.
Any monies allocated or donated by the Legislature or other groups is unknown; therefore, a figure cannot be included.
Memorandum
Person submitting Fiscal Note: Kathy Holtsclaw
Email Address: Kathy.J.Holtsclaw@wv.gov