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2005 SESSION

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HJ 562 Constitutional amendment; special transportation funds (first reference).

Introduced by: Richard H. Black | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); special transportation funds. Provides that the Highway Maintenance and Operating Fund and Transportation Trust Fund will be permanent funds and be funded annually by the General Assembly by appropriations equivalent to the revenues appropriated to the Funds for fiscal year ending June 30, 2004. The amendment limits the use of Fund moneys to various transportation purposes. The General Assembly may borrow from the Fund for other purposes only by a two-thirds vote of members in each house and the loan must be repaid within four years. Any reduction in appropriations to either Fund will be treated as a borrowing from the Fund.  This resolution is incorporated into HJR 527.

FULL TEXT

• 12/13/04  House: Prefiled & ordered printed; offered 01/12/05 050279236  pdf

HISTORY

• 12/13/04  House: Prefiled & ordered printed; offered 01/12/05 050279236
• 12/13/04  House: Referred to Committee on Privileges and Elections
• 01/21/05  House: Incorporated by P.&E. (HJ527-McDonnell) (20-Y 0-N)