125th MAINE LEGISLATURE
LD 1367 LR 887(06)
An Act To Restore Maine's Secondary Roads
Fiscal Note for Bill as Engrossed with:
C "A" (S-452)
S "A" (S-561) to C "A" (S-452)
Committee: Transportation
             
Fiscal Note
Future biennium revenue decrease - Highway Fund
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Appropriations/Allocations
Other Special Revenue Funds $0 $0 $500 $500
Fiscal Detail and Notes
This legislation, which is effective July 1, 2013, establishes the Secondary Road Program Fund ("the fund") within the Department of Transportation.  The department will receive a base allocation to the Department of Transportation of $500 beginning in fiscal year 2013-14 to allow the department to spend any funds received.
The fund may receive 90% of the revenue derived from the use of department land and assets within energy infrastructure corridors.  The remaining 10% would be deposited in the energy infrastructure benefits fund where 100% of the money is deposited under current law.  To date no revenue has been generated from the use of energy infrastructure corridors.  
The fund will also receive an annual transfer by the State Controller of any potential uncommitted balance in the Highway Fund unallocated surplus account at the end of each fiscal year up to a certain cap.  This transfer will reduce resources available to the Highway Fund.