Constitutional amendment; Transportation Funds (first reference). (SJ2)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg)

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, 2013, 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 within four years. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/21/2011Prefiled and ordered printed; offered 01/11/12 12100288D
11/21/2011Referred to Committee on Privileges and Elections
01/17/2012Continued to 2013 in Privileges and Elections (15-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: SJ6 and HJ90.

Comments

stephen writes:

If the General Assembly can borrow money from this fund, then they had to much to start with, and should give it back to the tax payers.