State park road funding.

11LSO-0125.C1

                                                         

FISCAL NOTE

 

 

FY 2012

FY 2013

FY 2014

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase (Decrease):

 

 

 

STATE PARK ROAD ACCOUNT 

2,000,000

2,000,000

2,000,000

GENERAL FUND            

(666,667)

(666,667)

(666,667)

BUDGET RESERVE ACCOUNT  

(1,333,333)

(1,333,333)

(1,333,333)

 

 

Source of revenue increase (decrease):

 

Distribution of the first $2 million in severance taxes which exceed the $155 million cap to the State Park Road Account

 

 

Assumptions:

 

Severance taxes which exceed the $155 million cap are distributed one-third to the General Fund and two-thirds to the Budget Reserve Account. This bill creates a new distribution to the State Park Road Account of the first $2 million in severance taxes which exceed the $155 million cap.

 

The above estimates are based on severance tax projections from the October 2010 CREG forecast.

 

This bill goes into effect on July 1, 2011, impacting severance tax distributions beginning in FY 2012.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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