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

Introduced By

Del. Danny Marshall (R-Danville) with support from co-patrons Del. Mark Cole (R-Fredericksburg), Del. Anne Crockett-Stark (R-Wytheville), Del. Don Merricks (R-Danville), and Del. Tom Rust (R-Herndon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

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. Read the Bill »

Status

06/23/2008: Awaiting a Vote in the Privileges and Elections Committee

History

DateAction
06/23/2008Presented and ordered printed 089519612
06/23/2008Referred to Committee on Privileges and Elections