Fiscal Note

HB0438 - Transportation Modifications

State Impact:
Provisions of this bill reduce sales tax revenue to the Centennial Highway Fund Restricted Account by $113,000,000 and increases revenue to the General Fund one-time by $113,000,000 in FY 2011. Expenditures from the Centennial Highway Fund Program would decreased by $113,000,000 one-time in FY 2011.

Funding SourceFY 2010
Approp.
FY 2011
Approp.
FY 2012
Approp.
FY 2010
Revenue
FY 2011
Revenue
FY 2012
Revenue
General Fund, One-Time$0$0$0$0$113,000,000$0
Restricted Funds$0($113,000,000)$0$0($113,000,000)$0
   Total
$0

($113,000,000)

$0

$0

$0

$0

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.

3/10/2010, 3:43:37 PM, Lead Analyst: Bleazard, M./Attny: SCHOffice of the Legislative Fiscal Analyst