Constitutional amendment; highway and transportation trust funds. (HJ5146)

Introduced By

Del. Brian Moran (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

Constitutional amendment (first resolution); highway and transportation trust funds. Provides that the Highway Maintenance and Operating Fund and the Transportation Trust Fund established in 1986 will be permanent and separate funds and will be funded annually by the General Assembly by appropriations equivalent to the revenues generated by the 1986 package of tax and fee increases and other 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 four years. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
09/18/2006Presented and ordered printed 069777424
09/18/2006Referred to Committee on Privileges and Elections
09/28/2006Left in Privileges and Elections