HJ 71 Constitutional amendment; Transportation Funds.
Vivian E. Watts | 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, and Priority Transportation Fund. All revenues dedicated to Transportation Funds on January 1, 2013, 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 requires Funds be appropriated only for transportation systems and projects. 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 also limits the use of general and other nontransportation funds for transportation purposes except for obligations authorized or entered into before January 1, 2013.

Full text:
01/10/12  House: Prefiled and ordered printed; offered 01/11/12 12101401D  pdf

Status:
01/10/12  House: Prefiled and ordered printed; offered 01/11/12 12101401D
01/10/12  House: Referred to Committee on Privileges and Elections
02/14/12  House: Left in Privileges and Elections