Summary as introduced:
Constitutional amendment (first resolution); Highway Maintenance and Operating Fund and Transportation Trust Fund. Provides that the Highway Maintenance and Operating Fund and the Transportation Trust Fund shall be permanent funds. Starting with the Commonwealth's fiscal year beginning July 1, 2006, the General Assembly shall appropriate to each Fund an amount no less than the amount appropriated to the respective Fund in the immediately preceding fiscal year.
The amendment limits the use of Trust Fund moneys to highway construction, maintenance, and improvements, public transportation, railways, seaports, and airports. The General Assembly may use Fund proceeds for other purposes only by a four-fifths vote of the members in each house. However, Fund proceeds used for other purposes must be repaid to the Fund within four years.Full text:
01/14/04 House: Presented & ordered printed, prefiled 01/14/04 047210303 pdf
01/14/04 House: Presented & ordered printed, prefiled 01/14/04 047210303
01/14/04 House: Referred to Committee on Privileges and Elections
01/23/04 House: Continued to 2005 in P. & E. (21-Y 0-N)
12/10/04 House: Left in Privileges and Elections