Colorado Legislative Council Staff

STATE

REVISED FISCAL IMPACT

(Replaces fiscal impact dated December 9, 1998)

Drafting Number:

Prime Sponsor(s):

LLS 99-0351

Rep. May

Sen. Powers

Date:

Bill Status:

Fiscal Analyst:

April 15, 1999

House Appropriations

Scott Nachtrieb (303-866-4752)

 

TITLE:            CONCERNING REVENUES ALLOCATED TO THE CAPITAL CONSTRUCTION FUND FOR STATE HIGHWAY PROJECTS, AND MAKING AN APPROPRIATION IN CONNECTION THEREWITH.


Fiscal Impact Summary

FY 1999/2000 *

FY 2000/2001 *

State Revenues

Cash Fund Exempt


$100,000,000


 

State Expenditures

General Fund (Transfer)

Cash Fund Exempt


$100,000,000

$100,000,000


 

FTE Position Change

0.0 FTE

0.0 FTE

Other State Impact: None

Effective Date: The bill would become effective upon the Governor's signature.

Appropriation Summary for FY 1999-2000: $100 million cash fund exempt appropriation to the Department of Transportation.

Local Government Impact: None

*This is a General Fund Transfer to the Capital Construction Fund.



Summary of Legislation


            The bill would transfer an additional $100 million in General Funds to the Capital Construction Fund in FY 1999-00.



State Revenues


            The bill would transfer $100 million in General Funds to the Capital Construction Fund. These would be cash fund exempt money and they would be exempt from the six percent limitation on General Fund spending.

 



State Expenditures


            The bill would transfer an additional $100 million in General Funds to the Capital Construction Fund in FY 1999-00. The bill would allow the Department of Transportation to expend up to $100 million on state highway reconstruction, repair, maintenance, or capacity expansion.



State Appropriations


            The bill contains a Capital Construction Fund appropriation of $100 million to the Department of Transportation.



Departments Contacted

 

            Transportation            Legislative Council Staff