HJ558: Constitutional amendment; Highway Maintenance and Operating Fund, and Transportation Trust Fund.

Chief Patron

Del. Jeff Frederick (R-52)

Status

Bill is Dead

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Summary

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, 2009, 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 and to furthering the public interest in 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.   View Full Text »