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Possible OHV Loan Payback

January 14, 2016 10:44 AM | Bruce Brazil (Administrator)

Governors 2016 Proposed Budget Summary

http://www.ebudget.ca.gov/FullBudgetSummary.pdf

pages 111, 112

Significant Adjustments:

• OffHighway Vehicle Loan Repayment and Fuel Tax Transfer A repayment of

$112 million of General Fund loans made from the OffHighway Vehicle (OHV)

Trust Fund and a onetime transfer of $31 million of existing fuel tax revenues,

currently deposited into the OHV Fund, to the State Parks and Recreation Fund.

This proposal supports the Administration’s commitment to pay down debt while

maintaining existing service levels across the entire state parks system, including the OHV Program. The transformation team will continue to identify improvements for the Department’s longterm fiscal viability.

(The detailed proposed budget shows the $31M coming from the Motor Vehicle Fuel Account, not the OHV Trust Fund).

 

Comments

  • January 14, 2016 12:13 PM | AJ Granat
    This is great news for everyone in the OHV community. Let's hope this indicates continued support for a very valuable program.
    Link  •  Reply

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