Tracking Virginia’s General Assembly
since 2007.
SB1163: Transportation Trust Fund; additional sources of revenues.
Chief Patron
Sen.
Brandon Bell (R-22)
Brandon Bell
(R-22)
Served: 2004–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
View Entire History
Summary
Transportation Trust Fund; additional sources of revenues. Dedicates for transportation purposes all insurance license tax revenues relating to automobile insurance policies. The bill also creates a new source of revenue for the transportation. Upon conviction of certain dangerous driving offenses and traffic infractions for which the Department of Motor Vehicles assigns six demerit points, a court shall order the offender to make a payment into the Transportation Trust Fund. The court shall collect the payments on behalf of the Commonwealth and remit the payments to the Fund. Finally, the bill dedicates the unallocated funds in the first year of the 2006-2008 budget to the Transportation Trust Fund.
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