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2006 SPECIAL SESSION I
HJ 5146 Constitutional amendment; highway and transportation trust funds.
Introduced by: Brian J. Moran | 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 will 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 Fund moneys to transportation and related purposes. The General Assembly may borrow from the Funds for other purposes only by a vote of two-thirds plus one of the members voting in each house, and the loan or reduction must be repaid with reasonable interest within four years.
FULL TEXT
HISTORY
- 09/18/06 House: Presented and ordered printed 069777424
- 09/18/06 House: Referred to Committee on Privileges and Elections
- 09/28/06 House: Left in Privileges and Elections