(Doc Name H:\LEGWORK\HOUSE\AMEND\H-WM\010\GF GROWTH FOR ROADS2.DOCX):
EXPLANATION: 1/3 of all new recurring revenue above the previous fiscal year's funding shall be appropriated to the Department of Transportation. Reduce new recurring items by 1/3 for the purposes of balancing.
Amend the bill, as and if amended, Part IB, Section 118,
STATEWIDE REVENUE, page 576, after line 16, by adding an
appropriately numbered paragraph to read:
/(SR: Revenue Growth for Transportation Infrastructure)
It is the intent of the General Assembly that one-third of all
new recurring General Fund revenues, as certified by the Board
of Economic Advisors for the current Fiscal Year, not to exceed
an amount equal to $10,000,000 in the Fiscal Year 2015-16, shall
be transferred to the Department of Transportation. The
Department must utilize any and all available federal matching
funds and may only spend these funds on the maintenance, repair
and replacement of existing roads and bridges, or the expansion
of existing mainline interstates. In order to effectuate this
transfer, the Department of Administration Executive Budget
Office shall identify the agencies which received new recurring
general fund revenue for Fiscal Year 2015-16 and in consultation
with the Office of the Comptroller General, shall reduce each
agency's new recurring general fund allocation by one-third and
shall transfer these funds to the Department of Transportation
by August 1, 2015./
Renumber sections to conform.
Amend totals and titles to conform.