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2005 SESSION
SJ 310 Constitutional amendment; Transportation Trust Fund (first reference).
Introduced by: Ken T. Cuccinelli, II | 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 or the appropriation for the fiscal year ending June 30, 2005, whichever is greater. The amendment limits the use of Trust Fund moneys to highway construction, reconstruction, maintenance, and improvements, public transportation, railways, seaports, and airports. The General Assembly may borrow from the Fund for other purposes or reduce the level of required appropriations to the Fund only by a three-fifths plus two vote of members in each house and the loan or reduction must be repaid within four years. A substitute for this resolution was reported by the Senate Committee on Privileges and Elections that incorporated SJRs 342, 399, and 409.
FULL TEXT
- 01/10/05 Senate: Prefiled & ordered printed; offered 01/12/05 056777720 pdf
- 01/26/05 Senate: Committee substitute printed 050357820-S1 pdf
HISTORY
- 01/10/05 Senate: Prefiled & ordered printed; offered 01/12/05 056777720
- 01/10/05 Senate: Referred to Committee on Privileges and Elections
- 01/25/05 Senate: Reported from P. & E. with substitute (11-Y 3-N)
- 01/25/05 Senate: Rereferred to Finance
- 01/26/05 Senate: Committee substitute printed 050357820-S1
- 02/08/05 Senate: Left in Finance