LD 505 LR 1296(02)
An Act To Increase the Funding Level of the Local Road Assistance Program
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Transportation
Fiscal Note Required: Yes
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
Highway Fund $560,653 $1,163,073 $1,744,610 $2,326,147
Highway Fund $560,653 $1,163,073 $1,744,610 $2,326,147
Fiscal Detail and Notes
The bill increases funding to the Local Road Assistance program from 9% to 10% of the Highway Fund allocations to the Department of Transportation over a four-year period.  The department will require Highway Fund allocations of $560,653 in fiscal year 2015-16 and $1,163,073 in fiscal year 2016-17.  The bill does not increase revenue to the Highway Fund so Highway Fund deallocations would need to be made in the same amount in order for the Fund to balance.