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2003 SESSION
HJ 590 Constitutional amendment (first resolution);Transportation Trust Fund.
Introduced by: David B. Albo | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Constitutional amendment (first resolution); Transportation Trust Fund. Provides that the Transportation Trust Fund established in 1986 will be a permanent fund and be funded annually by the General Assembly by appropriations equivalent to the revenues generated by the 1986 package of tax and fee increases. The amendment limits the use of Trust Fund moneys to current highway construction, reconstruction, maintenance, and improvements. The General Assembly may borrow or transfer monies from the Fund for other purposes only by a four-fifths vote of members in each house and the monies must be repaid within four years. This resolution is incorporated into HJR 645.
FULL TEXT
HISTORY
- 01/08/03 House: Presented & ordered printed, prefiled 01/06/03 035831604
- 01/08/03 House: Referred to Committee on Privileges and Elections
- 01/20/03 House: Assigned to P. & E. sub-committee: 1
- 01/31/03 House: Incorporated by P.&E. (HJ645-McDonnell) (22-Y 0-N)