Constitutional amendment (first resolution); Transportation Funds. (HJ5)

Introduced By

Del. Glenn Oder (R-Newport News) with support from co-patrons Del. John A. Cox (R-Ashland), Del. Jackson Miller (R-Manassas), Del. Albert Pollard (D-Lively), and Del. Tommy Wright (R-Victoria)

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, and other funds established by general law for transportation. All revenues dedicated to Transportation Funds on January 1, 2011, 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 must be repaid with reasonable interest by the end of the fourth fiscal year following the date of the borrowing. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/16/2009Committee
11/16/2009Prefiled and ordered printed; offered 01/13/10 10100262D
11/16/2009Referred to Committee on Privileges and Elections
02/16/2010Left in Privileges and Elections

Comments

DANNY KINDER writes:

i think the transportation fund is good, it keeps this money seperate, which makes it easy to track. but i dont think the general assembly needs to borrow from this fund, this just complicates things.