Bill Text: DE SB167 | 2015-2016 | 148th General Assembly | Draft
Bill Title: An Act Restricting The Use Of The Transportation Trust Fund.
Spectrum: Bipartisan Bill
Status: (Passed) 2015-07-15 - Signed by Governor [SB167 Detail]
Download: Delaware-2015-SB167-Draft.html
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SPONSOR: |
Sen. Lavelle & Sen. Blevins & Sen. McBride & Sen. Henry & Sen. Simpson & Sen. Townsend & Rep. Schwartzkopf & Rep. Longhurst & Rep. Viola & Rep. D. Short & Rep. Hudson ; |
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Sens. Bonini, Cloutier, Hocker, Lawson, Lopez, Pettyjohn, Richardson, Reps. Brady, Briggs King, Collins, Dukes, Gray, Heffernan, Q. Johnson, Kenton, Lynn, Matthews, Miro, Osienski, Paradee, Ramone, B. Short, Smyk, Wilson, Yearick |
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DELAWARE STATE SENATE 148th GENERAL ASSEMBLY |
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SENATE BILL NO. 167 |
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AN ACT RESTRICTING THE USE OF THE TRANSPORTATION TRUST FUND. |
Section 1. The State irrevocably pledges and assigns and continuously appropriates the proceeds derived from a motor vehicle registration fee, a motor vehicle document fee, a motor fuel tax, a motor carrier road use tax and registration fee, and the operation of the Delaware Turnpike to a special fund known as the Transportation Trust Fund.
Section 2. The moneys in the Transportation Trust Fund may be appropriated and used for the following purposes:
(1) Capital expenditures on the public transportation system, including the road system, grants and allocations for investments in transportation, the transit system, and the support systems for public transportation.
(2) Payment of the interest and principal on all indebtedness incurred before or after the effective date of this Act, including the payment of all other obligations incurred pursuant to any trust agreement related to such indebtedness, and secured by moneys in the Transportation Trust Fund.
(3) Other transportation-related purposes, including operating expenses, to which moneys in the Transportation Trust Fund are authorized on the effective date of this Act.
Section 3. No moneys in the Transportation Trust Fund may be appropriated for a purpose not listed in Section 2 except by an act of the General Assembly adopted with the concurrence of three-fourths of all members of each House and separate from an annual budget act, bond and capital improvement act, or grants-in-aid act.
Section 4. If moneys in the Transportation Trust Fund cease to be appropriated for a purpose under paragraph (3) of Section 2, the moneys may not again be appropriated for a purpose under paragraph (3) of Section 2 except by an act of the General Assembly adopted with the concurrence of three-fourths of all members of each House and separate from an annual budget act, bond and capital improvement act, or grants-in-aid act.
Section 5. Revenues generated as a result of the enactment of House Bill No. 140, as amended, shall fund additional projects in the capital program categories of the Transportation Trust Fund such as Road System, Grants and Allocations, Transit System, and Support System. Revenues generated as a result of the enactment of House Bill No. 140, as amended, shall not fund the operating costs of the Department of Transportation.
Section 6. This Act shall sunset on November 8, 2016.
SYNOPSIS
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This Act limits the ability of the 148th General Assembly to appropriate Transportation Trust Fund moneys to a purpose other than (1) capital expenditures on the public transportation system, including the road system, grants and allocations for investments in transportation, the transit system, and the support systems for public transportation; (2) payment of the interest and principal on all bonds issued before or after the effective date of this Act and secured by moneys in the Transportation Trust Fund; and (3) other transportation-related purposes, including operating expenses funding the Delaware Department of Transportation, to which moneys in the Transportation Trust Fund are authorized on the effective date of this Act. This Act essentially creates a lock box on the Transportation Trust Fund that can only be opened by the agreement of three-fourths of all the members of each House through a bill separate from an annual budget act, bond and capital improvement act, or grants-in-aid act. Additionally, if moneys in the Transportation Trust Fund cease to be appropriated for a transportation-related purpose, the moneys may not again be appropriated to such purpose except by the agreement of three-fourths of all the members of each House through a bill separate from an annual budget act, bond and capital improvement act, or grants-in-aid act. Finally, this Act restricts the use of funds raised by the enactment of House Bill No. 140, as amended, to projects in the capital program categories of the Transportation Trust Fund and specifically prohibits use of this revenue to fund the operating costs of the Department of Transportation. This Act sunsets on November 8, 2016. |
Author: Senator Lavelle
