Constitutional amendment; funds for transportation purposes. (HJ5147)

Introduced By

Del. John Welch (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

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, Highway Maintenance and Operating Fund, Priority Transportation Fund, and other funds dedicated to transportation by general law. All revenues dedicated to Transportation Funds on July 1, 2006, 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. Such general law must be enacted by a two-thirds vote of the member elected in each house. The amendment limits the use of the Funds to transportation and related purposes. The General Assembly may borrow from the Funds for other purposes only by a two-thirds vote of the members elected to each house, and the loan or reduction must be repaid with reasonable interest within three years. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
09/18/2006Presented and ordered printed 061753552
09/18/2006Referred to Committee on Privileges and Elections
09/28/2006Left in Privileges and Elections