NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used for other purposes.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Pinto

 

DATE TYPED:

2/26/03

 

HB

 

 

SHORT TITLE:

HWY 666 Planning and Engineering Projects

 

SB

748/aSCORC

 

 

ANALYST:

Reynolds-Forte

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$5,500.0

 

 

Non-Rec

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Relates to SB3 and SB608

 

SOURCES OF INFORMATION

 

Responses Received From

State Highway and Transportation Department

 

SUMMARY

      Synopsis of SCORC Amendment  

 

The Senate Corporations and Transportation Committee amendment to SB748 changes the appropriation from the general fund from $7.5 million to $5.5million.  The amendment also changes the use of the funds from planning and design development for US Highway 666 to planning, design and development of US Highway 666.

 

     Synopsis of Original Bill

 

SB748 appropriates $7.5 million from the general fund to the State Highway and Transportation Department for FY04 to fund planning and engineering projects on US Highway 666 between Navajo Road 9 and Navajo Road 13. 

 

FISCAL IMPLICATIONS

 

SB748 appropriates $7.5 million from the general fund to the State Highway and Transportation Department for FY04 for use on US Highway 666.  Any unencumbered or unexpended funds at the end of FY04 will revert to the general fund.

 

ADMINISTRATIVE IMPLICATIONS

 

State Highway and Transportation Department states there will be no added impact to the Department due to this bill.

RELATIONSHIP

 

HB748 relates to SB3, which appropriates $145 million from the general fund for use on US Highway 666, and SB608, which appropriates $145 million from severance tax bonds for use on US Highway 666.

 

PRF/njw:yr