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2004 SESSION
HJ 277 Constitutional amendment; Highway Maintenance & Operating Fund & Transportation Trust Fund, contd.
Introduced by: Robert G. Marshall | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Constitutional amendment (first resolution); highway and transportation trust funds. Provides that the Highway Maintenance and Operating Fund and the Transportation Trust Fund established in 1986 will be permanent and separate funds and be funded annually by the General Assembly by appropriations equivalent to the revenues generated by the 1986 package of tax and fee increases and other revenues dedicated to the Funds. The amendment limits the use of Trust Fund moneys to transportation and related purposes. The General Assembly may borrow from the Fund for other purposes or reduce the level of required appropriations to the Fund only by a vote of two-thirds plus one of the members voting in each house, and the loan or reduction must be repaid within four years. This resolution is identical to HJRs 175 and 188.
FULL TEXT
HISTORY
- 01/22/04 House: Presented & ordered printed 044666396
- 01/22/04 House: Referred to Committee on Privileges and Elections
- 02/06/04 House: Continued to 2005 in P. & E. (22-Y 0-N)