SJ317: Constitutional amendment; Transportation Trust Fund (first reference).

Chief Patron

Ken Cuccinelli (R-37)
Served: 2002–

Progress

☑	Introduced
☐	Passed Committee
☐	Passed House
☐	Passed Senate

Status

Bill is Dead
View Entire History

Summary

Constitutional amendment (first resolution); Transportation Trust Fund. Provides that the Transportation Trust Fund established in 1986 will be a permanent fund and be funded annually by the General Assembly by appropriations equivalent to the revenues generated by the 1986 package of tax and fee increases or the appropriation for the fiscal year ending June 30, 2006, whichever is greater. The amendment limits the use of Trust Fund moneys to highway construction, improvements, administration, and maintenance, and to improve public transportation, railways, seaports, and airports. The General Assembly may borrow from the Fund for other purposes or reduce the level of required appropriations to the Fund only by a three-fifths vote of members in each house, and the loan or reduction must be repaid within four years. View Full Text »