COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3078-01
Bill No.: SJR 26
Subject: Constitutional Amendments: Transportation Department
Type: Original
Date: January 3, 2002
FISCAL SUMMARY
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| General Revenue | ($87,600) | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
($87,600) | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the Department of Transportation stated that the proposal would not have direct impact administratively because the amendment would provide the opportunity for additional funding; however, they can't estimate the amount of additional funding for any given year or the number of "new" projects which might be undertaken (and which would require additional resources).
Advertisement costs for the proposal would be $4,380 per newspaper column inch for three printings of the text of the proposal, the introduction, title, fiscal note summary, and affidavit. The proposal would be on the ballot for the November 2002 general election.
| FISCAL IMPACT - State Government | FY 2003 | FY 2004 | FY 2005 |
| GENERAL REVENUE FUND | |||
| Cost to General Revenue Fund
Secretary of State Newspaper Advertisements |
($87,600) |
$0 |
$0 |
| ESTIMATED NET EFFECT ON GENERAL REVENUE FUND * | ($87,600) | $0 | $0 |
*Does not include possible cost to augment the State Road Fund.
| FISCAL IMPACT - Local Government* | FY 2003 | FY 2004 | FY 2005 |
| $0 | $0 | $0 |
*Does not include possible additional distributions from the State Road Fund
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal would allow the general assembly to provide additional funds, in the amount of not less than 5% of the state revenue, to the State Road Fund if that Fund is insufficient to build and maintain an adequate state highway system in any fiscal year.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This legislation would not affect Total State Revenue.
SOURCES OF INFORMATION
Department of Transportation
Secretary of State
Jeanne Jarrett, CPA
Director
January 3, 2002