Amend the bill, as and if amended, by striking SECTION 11 in its entirety and inserting:
/ SECTION 11. Section 12-28-2740 of the 1976 Code is amended by adding an appropriately lettered subsection at the end to read:
"( ) Notwithstanding the provisions of subsection (A), on July 1, 2018 and each July first thereafter until after July 1, 2021, the amount of proceeds of the user fee on gasoline only as levied for in this chapter that must be deposited with the State Treasurer and expended for the purposes of this section must be increased by .3325 cents a gallon, until such time as the total amount equals three and ninety-nine one-hundredths cents a gallon. Any increase in proceeds resulting from the provisions of this subsection must be used exclusively for repairs, maintenance, and improvements to the state highway system." /
Amend the bill further, as and if amended, by adding an appropriately numbered new SECTION to read:
/ SECTION ___. Section 11-43-167(B)(2) of the 1976 Code, as added by Act 275 of 2016, is amended to read:
"(2) The Department of Transportation shall reduce the allocation to the state-funded resurfacing program required in item (1) in proportion to the amounts transferred to the South Carolina Transportation Infrastructure Bank pursuant to subsection (C) and in proportion to the amounts required by the Department of Transportation to fund repairs, maintenance, and improvements to the existing transportation system." /
Renumber sections to conform.
Amend title to conform.