Chief Patron

Del. John Welch (R-Virginia Beach)

John Welch (R-Virginia Beach)
Served: 2001–

Status

Bill is Dead
View Entire History

Summary

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. Such general law must be enacted by a two-thirds vote of the members elected to each house. The amendment limits the use of the Funds to transportation and related purposes. The General Assembly may borrow from the Funds for other purposes only by a two-thirds vote of the members elected to each house, and the loan or reduction must be repaid with reasonable interest within three years.