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House Privileges and Elections Committee"

HJ683

Constitutional amendment; Transportation Funds

http://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HJ683

Requires the General Assembly to maintain permanent and separate Transportation Funds to include the Commonwealth Transportation Fund, Transportation Fund, Transportation Trust Fund, Highway Maitenance and Operating Fund and other funds established by general law for transportation. The amendment directs that revenues dedicated to Transportation Funds on January 1, 2020, 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 Transportation Funds. The amendment limits the use of Transportation Funds moneys to transportation and related purposes. The amendment specifies that the General Assembly may borrow from the Transportation Funds for other purposes only by a vote of two-thirds of the members elected to each house and that the loan must be repaid with reasonable interest within four year


Dave LaRock
Failed to Report

Failed to report with a 11 to 11 vote ;