Industrial road program.

07LSO-0473.L2

FISCAL NOTE

	FY 2008	FY 2009	FY 2010
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
GENERAL FUND	(2,015,000)	(2,015,000)	(2,015,000)
HIGHWAY FUND	2,015,000	2,015,000	2,015,000

Source of revenue increase and decrease: Redistribution of severance tax revenues under the $155 million cap from the General Fund to the Highway Fund. The net impact to all accounts is zero.

Assumptions:

This bill increases the distribution percentage of severance taxes under the $155 million cap to the Highway Fund from 4.33% to 5.63%. This change results in an increased severance tax distribution to the Highway Fund of $2,015,000 per year.

This bill decreases the distribution percentage of severance taxes under the $155 million cap to the General Fund 62.26% to 60.96%. This change results in a decreased severance tax distribution to the General Fund of $2,015,000 per year.

This bill also increases the amount the transportation commission shall appropriate to the industrial road program account at the beginning of each biennium from $4 million to $8 million.

Prepared by:   Dean Temte, LSO    Phone:   777-7881