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Search 2008 Bills:

HJ48: Constitutional amendment; Transportation Funds.

Chief Patron

Del. Bob Marshall (R-13)

Bob Marshall (R-13)
Manassas, VA
Served: 1992–

Progress

Yes Introduced
No Passed Committee
Passed House
Passed Senate

Status

01/18/2008: Failed to Pass in Committee

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, and Highway Maintenance and Operating Fund. All revenues dedicated to Transportation Funds on January 1, 2009, 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. 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.

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Bill Text

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