SJ 301 Constitutional amendment(first resolution); Transportation Trust Fund.
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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, 2002, 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 two-thirds-plus-one vote of members in each house and the loan or reduction must be repaid within four years. This resolution is identical to HJR 551.

Full text:
01/08/03  Senate: Presented & ordered printed, prefiled 12/27/02 035617510  pdf

Status:
01/08/03  Senate: Presented & ordered printed, prefiled 12/27/02 035617510
01/08/03  Senate: Referred to Committee on Privileges and Elections
01/14/03  Senate: Assigned to P. & E. sub-committee: 2
01/21/03  Senate: Reported from P. & E. with substitute (15-Y 0-N)
01/21/03  Senate: Rereferred to Finance
01/30/03  Senate: No action taken by Finance by voice vote