SJ 5016 Constitutional amendment; funds for transportation purposes.
Janet D. Howell | all patrons    ...    notes
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Summary as introduced:
Constitutional amendment (first resolution); Transportation Funds. Requires the General Assembly to maintain permanent and separate Transportation Funds to include the Commonwealth Transportation Fund, Transportation Trust Fund, Highway Maintenance and Operating Fund, Priority Transportation Fund, and other funds dedicated to transportation by general law. All revenues dedicated to Transportation Funds on July 1, 2006, by general law, other than a general appropriation law, shall be deposited to the Transportation Funds, unless the General Assembly by general law, other than a general appropriation law, alters the 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 three years. The amendment limits the use of general and other non-transportation funds for transportation purposes except for certain debt service payments and, additionally, in an amount not to exceed $80 million in any fiscal year.

Full text:
04/19/06  Senate: Presented and ordered printed 060436129  pdf

Status:
04/19/06  Senate: Presented and ordered printed 060436129
04/19/06  Senate: Referred to Committee on Privileges and Elections
05/12/06  Senate: Reported from Privileges and Elections (14-Y 0-N)
05/12/06  Senate: Read first time
05/12/06  Senate: Reading waived (33-Y 0-N)
05/12/06  Senate: VOTE: (33-Y 0-N)
05/12/06  Senate: Engrossed by Senate
05/12/06  Senate: Reading waived (33-Y 0-N)
05/12/06  Senate: VOTE: (33-Y 0-N)
05/12/06  Senate: Agreed to by Senate (32-Y 1-N)
05/12/06  Senate: VOTE: (32-Y 1-N)
05/12/06  Senate: Communicated to House
05/18/06  House: Placed on Calendar
05/18/06  House: Referred to Committee on Privileges and Elections
09/28/06  House: Left in Privileges and Elections