NOTE: As provided in LFC policy, this report is
intended only for use by the standing finance committees of the
legislature. The Legislative Finance Committee does not assume
responsibility for the accuracy of the information in this report when used for
other purposes.
The most recent FIR
version (in HTML & Adobe PDF formats) is available on the Legislative
Website. The Adobe PDF version includes
all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be
obtained from the LFC in
SPONSOR: |
Komadina |
DATE TYPED: |
|
HB |
|
||
SHORT TITLE: |
Prohibit New Outdoor Advertising |
SB |
72 |
||||
|
ANALYST: |
Gilbert |
|||||
REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
($5.6) |
($7.1) |
|
Recurring |
General
Road Fund |
(Parenthesis ( ) Indicate Revenue Decreases)
LFC Files
Response Received From
State
Highway and Transportation Department (SHTD)
SUMMARY
Synopsis
of Bill
Senate Bill 72 prohibits construction of new
outdoor advertising for general advertising purposes and prohibits the State
Highway Commission from issuing new permits for such purposes.
This bill contains an emergency clause.
FISCAL IMPLICATIONS
Senate Bill 72 would eliminate road fund revenues associated with new highway general outdoor advertising.
According to the
· Decrease of revenues derived from annual outdoor advertising permit renewal fees that would be lost if new permitting for outdoor advertising is eliminated ($25.00 annual renewal fee for each outdoor advertising permit)
The SHTD states that passage of this bill would
eliminate the administrative duty of issuing permits for new outdoor
advertising signs, but would have no impact on the number of staff performing duties
related to the Highway Beautification Act.
RLG/njw;yr