Sec. C-1. Contingent revenue loss. The Legislature recognizes that there will be a revenue loss to the Highway Fund of $214,500 in fiscal year 2003-04 and $214,500 in fiscal year 2004-05 if the law concerning the distribution of fees collected by the Department of Public Safety, State Bureau of Identification is amended to provide that revenues generated from those fees will be credited to the General Fund.

Emergency clause. In view of the emergency cited in the preamble, this Act takes effect July 1, 2003.

SUMMARY

This bill does the following:

PART A

Part A makes allocations from the Highway Fund.

PART B

Part B makes allocations from the Highway Fund representing reduction proposals or adjustments.

PART C

Part C recognizes the impact of pending revenue reductions as a result of proposed legislation in the unified General Fund budget.

FISCAL NOTE

ALLOCATIONS

2003-04 2004-05 BIENNIUM

HIGHWAY FUND

Part A, Section 1 $333,057,107 $337,810,322 $670,867,429

Part B, Section 1 (43,465,540) (34,809,046) (78,274,586)

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HIGHWAY FUND TOTAL $289,591,567 $303,001,276 $592,592,843

UNDEDICATED REVENUE