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2008 SPECIAL SESSION II
080544744RESOLVED by the House of Delegates, the Senate concurring, a majority of the members elected to each house agreeing, That the following amendment to the Constitution of Virginia be, and the same hereby is, proposed and referred to the General Assembly at its first regular session held after the next general election of members of the House of Delegates for its concurrence in conformity with the provisions of Section 1 of Article XII of the Constitution of Virginia, namely:
Amend the Constitution of Virginia by adding in Article X a section numbered 7-B as follows:
Section 7-B. Special regional transportation funds.
The General Assembly may provide for the establishment of one or more special, permanent, and separate regional transportation funds created in the state treasury for the regions and transportation purposes specified by law enacted pursuant to this section only by a vote equal to or greater than a majority of the members elected to each house. The name of each member voting and how he voted shall be recorded in the journal. All interest, dividends, and appreciation accruing to the special fund shall be part of the fund. The General Assembly may dedicate one or more sources of revenue to a special fund.
If the General Assembly establishes a special regional transportation fund and dedicates to it certain revenues, including taxes or fees, thereafter the General Assembly shall appropriate annually to the special fund those revenues so dedicated and shall appropriate the proceeds of the special fund only for those purposes for which the fund is established except as otherwise provided for in this section.
For any special fund established pursuant to this section, the General Assembly may appropriate amounts from the special fund for purposes other than those for which the fund is established, change the purposes for which the special fund is established, decrease the revenues dedicated to the special fund, or abolish the special fund, only by a vote equal to or greater than four-fifths of the members voting in each house, including a majority of the members elected to that house. The name of each member voting and how he voted shall be recorded in the journal. Any amount appropriated from a special fund for purposes other than those for which the fund is established shall be repaid to the fund not later than four years after the date on which the appropriation became effective.
The General Assembly shall enact the laws necessary to implement the provisions of this section.