Fiscal Note

SB0012S02 - Funding for Purchase of State Highway Rights of Way

State Impact:
Enactment of this bill would require the Department of Transporation to submit a budget request for corridor preservation monies to the governor and the Subcommittee for Transporataion, Environmental Quality, and National Guard. It is unknown at this time how much would be requested or authorized by the Legislature. If issuance of general obligation bonds is authorized, debt service payments will vary depending on issuance costs and interest rates at the time of issuance. The actual principal and interest payments will depend on the structure of each issuance.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.