Fiscal Note
HB0158S04 - Amendments to Transportation Provisions
State Impact:
A general obligation bond of $100,000,000 (plus issuance costs) will be issued for a highway project in the Mountain View Corridor. Assuming a standard fifteen-year repayment period with flattened payments at today's interest rates, there will be fifteen annual payments from the Transportation Fund of approximately $8.7 million each beginning with FY 2009, plus first year interest costs of $1.9 million in FY 2008. The actual debt service schedule will vary according to how the bond is structured.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Transportation Fund | $0 | $1,900,000 | $8,700,000 | $0 | $0 | $0 |
| Bonding | $0 | $0 | $0 | $0 | $100,000,000 | $0 |
| Total | $0 | $1,900,000 | $8,700,000 | $0 | $100,000,000 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill will earmark revenues from the County Option Mass Transit, the County Option Corridor Preservation Sales Tax, and the Local Corridor Presevation Fee to the Mountain West Corridor after current bond obligations are paid off.
| 2/28/2007, 10:23:14 PM, Lead Analyst: Bleazard, M. | Office of the Legislative Fiscal Analyst |