LD 1937 LR 2549(02)
An Act to Remove the Confidentiality of the Transportation of Hazardous Materials by Railroad Companies
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Judiciary
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Other Special Revenue Funds $0 $40,000 $40,000 $40,000
Fiscal Detail and Notes
This bill includes an ongoing Other Special Revenue Funds allocation of $40,000 in fiscal year 2024-25 to the Multimodal Transportation Fund in the Department of Transportation for accident reviews and analyses regarding hazardous materials performed by a qualified entity. The Fund has sufficient cash to fund the allocation.
Any revenue collected associated with civil fines assessed on railroad companies for not providing notices required would increase Other Special Revenue Funds to the Department of Transportation. It is not known at this time if any civil fines will be issued and no estimate of any potential increased revenue has been made.
Any additional costs to the Department of Defense, Veterans and Emergency Management associated with providing notifications and alerts are expected to be minor and can be absorbed within existing budgeted resources.