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2005 SESSION

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SJ 381 Constitutional amendment (first resolution); highway and transportation trust funds; general funds.

Introduced by: Janet D. Howell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); highway and transportation trust funds; general funds.  Provides that various transportation funds will be permanent funds and will be funded annually by revenue sources in place on January 1, 2005.  The amendment limits the use of transportation funds to transportation and related purposes. The General Assembly may borrow from transportation funds for other purposes only by a vote of four-fifths of the members voting in each house, and the loan must be repaid with reasonable interest within four years. The amendment prohibits appropriations of general funds for transportation purposes subject to the same four-fifths vote requirement for exceptions to the prohibition.  This resolution was incorporated into a substitute for SJR 316 reported by the Senate Committee on Privileges and Elections.

FULL TEXT

• 01/12/05  Senate: Prefiled & ordered printed; offered 01/12/05 050285744  pdf

HISTORY

• 01/12/05  Senate: Prefiled & ordered printed; offered 01/12/05 050285744
• 01/12/05  Senate: Referred to Committee on Privileges and Elections
• 01/25/05  Senate: Incorporated by P.& E. (SJ316-Norment) (14-Y 0-N)