Bill Text: CT HB06039 | 2013 | General Assembly | Comm Sub
Bill Title: An Act Limiting Expenditures From The Special Transportation Fund.
Spectrum: Slight Partisan Bill (Republican 5-1-1)
Status: (Introduced - Dead) 2013-04-24 - File Number 627 [HB06039 Detail]
Download: Connecticut-2013-HB06039-Comm_Sub.html
General Assembly |
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January Session, 2013 |
*_____HB06039FIN___041513____* |
AN ACT LIMITING EXPENDITURES FROM THE SPECIAL TRANSPORTATION FUND.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 13b-69 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2015):
(a) The Treasurer shall apply the resources [in] of the Special Transportation Fund, upon their receipt, first, to pay or provide for the payment of debt service requirements, as defined in section 13b-75, at such time or times, in such amount or amounts and in such manner, as provided by the proceedings authorizing the issuance of special tax obligation bonds pursuant to sections 13b-74 to 13b-77, inclusive, and then to pay from the Transportation Strategy Board projects account of the Special Transportation Fund, established under section 13b-57r, the incremental revenues identified in approved annual financing plans for cash funding in accordance with the provisions of section 13b-57q.
(b) The remaining resources of the Special Transportation Fund shall, pursuant to appropriation thereof in accordance with chapter 50 and subject to approval by the Governor of allotment thereof, be applied and expended for (1) payment of the principal of and interest on "general obligation bonds of the state issued for transportation purposes", as defined in subsection (c) of this section, or any obligations refunding the same, (2) payment of state budget appropriations made to or for the Department of Transportation and the Department of Motor Vehicles, and (3) payment of state budget appropriations made to or for the Department of Emergency Services and Public Protection for members of the Division of State Police designated by the Commissioner of Emergency Services and Public Protection for motor patrol work pursuant to section 29-4, except that (A) for the fiscal years commencing on or after July 1, 1998, excluding the highway motor patrol budgeted expenses, and (B) for the fiscal years commencing on or after July 1, 1999, excluding the highway motor patrol fringe benefits.
(c) As used in this section, "general obligation bonds of the state issued for transportation purposes" means the aggregate principal amount, as determined by the Secretary of the Office of Policy and Management, of state general obligation bonds authorized for transportation purposes pursuant to the following authorizations issued and outstanding at any time: Special acts 406 of the 1959 session; 328 of the 1961 session, as amended; 362 of the 1963 session, as amended; 245 of the February 1965 special session, as amended; 276 and 315 of the 1967 session, as amended; 255 and 281 of the 1969 session; 31 of the 1972 session, as amended; 73-74, as amended; 74-43; 74-102, as amended; 75-101; 76-84, as amended; 77-47; 78-70; 78-71, as amended; 78-81, as amended; 79-95; 80-41; 81-71; 82-46, as amended; 83-17 of the June special session; and 83-2 and 83-3 of the October special session; sections 4-66c; 13a-20; 13a-29; 13a-32 to 13a-35, inclusive; 13a-157; 13a-165; 13a-166; 13a-176 to 13a-192, inclusive; 13a-197; 13a-198a to 13a-198j, inclusive; 13a-239 to 13a-246, inclusive; 16-338; 16a-40j and 16a-40k; and section 28 of public act 132 of 1959, sections 8 and 13 of public act 325 of the February 1965 special session, as amended; sections 4 and 5 of public act 755 of 1969, as amended; and section 1 of public act 80-392.
(d) The resources of the Special Transportation Fund shall be used only for transportation purposes.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
July 1, 2015 |
13b-69 |
Statement of Legislative Commissioners:
In subsection (a), "in" was changed to "[in] of" for internal consistency.
FIN |
Joint Favorable Subst. |