Program Authorization: Article VI, Section 22(G) of the 1921 State Constitution; Attorney General's opinion # 76-796
This fund was established in the State Constitution of 1921 to provide for the collection of vehicular license taxes from six parishes (Orleans, Jefferson, St. John the Baptist, St. Charles, Tangipahoa, and St. Tammany). The revenue collected is dedicated for payment of specific bond issues of the Mississippi River Bridge Authority and the Greater New Orleans Expressway Commission.
RESOURCE ALLOCATION FOR THE PROGRAM
This agency's recommended funding level does not include any funds for short-term debt.
This agency's recommended funding level includes a portion of the $9,800,000 in long-term debt for Fiscal Year 1998-1999.
SOURCE OF FUNDING
The source of funding for this program is statutory dedicated motor vehicle license revenue. (Per R.S. 39:32B.(8), see table below for a listing of expenditures out of each statutory dedicated fund.)
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 108.3% of the existing operating budget. It represents 107.2% of the total request ($9,700,000) for this program. The total request was preliminary pending the Louisiana Revenue Estimating Conference setting the official projection for this constitutional dedication for Fiscal Year 1999. The total recommended reflects the official estimate set at the R.E.C.'s meeting on February 18, 1998.
ACQUISITIONS AND MAJOR REPAIR
22 NON-APPROPRIATED REQUIREMENTS OF STATE GOVERNMENT
Return to the main page | Previous document | Next document