HJ 550 Constitutional amendment; Highway and Transportation Trust Funds continued (first reference).
Jeffrey M. Frederick | all patrons    ...    notes
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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.

This resolution is incorporated into HJR 527.

Full text:
11/23/04  House: Prefiled & ordered printed; offered 01/12/05 051107303  pdf

Status:
11/23/04  House: Prefiled & ordered printed; offered 01/12/05 051107303
11/23/04  House: Referred to Committee on Privileges and Elections
01/21/05  House: Incorporated by P.&E. (HJ527-McDonnell) (20-Y 0-N)