HJ6005: Constitutional amendment; Transportation Trust Fund (first reference).

Chief Patron

Danny Marshall (R-14)
Danville, VA
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate

Status

06/23/2008: In Privileges and Elections Committee

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 receive all revenues generated by the 1986 package of tax and fee increases and any later enactments dedicating additional revenues to the Fund. The amendment limits the use of Trust Fund moneys to purposes of highway construction, maintenance, and improvements, public transportation, railways, seaports, and airports. The General Assembly may use fund proceeds for other purposes only by a two-thirds vote of the members in each house. However, fund proceeds used for other purposes must be repaid to the Fund within three years.

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