Fiscal Note

HB0242S01 - Transportation Funding Revisions

State Impact:
This bill redirects the $30,000,000 remaining bonding authority from Mountain View Corridor right of way purchases to various local government transportation projects. The bill further directs approximately $8,000,000 in FY 09 of revenues collected from sales taxes to be used for right of way acquisition, construction, reconstruction, renovations, and improvements to various local government projects. Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses. Local governments will receive $30,000,000 of bond proceeds and $8,000,000 of sales taxes for local highway projects.