HR 509 - Transportation Trust Fund; create - CA

Sponsored By

• (1) Smith,Vance 129th
• (2) Floyd,Johnny 147th

Committees

• HC:W&M
• SC:

Current Status

First Reader Summary

A RESOLUTION proposing an amendment to the Constitution so as to provide for the creation of a Transportation Trust Fund; to provide for a levy of a 1 percent sales and use tax on the purchase of tangible goods and certain services at retail; to provide for the deposit of the proceeds of such tax into such trust fund; to provide for the governance of such trust fund by the State Transportation Board and oversight of such trust fund by a Transportation Trust Fund Oversight Committee; to provide for the administration of such fund by a Transportation Trust Fund Agency; to provide for purposes and limitations on expenditures from such trust fund; to provide for the periodic submission of the continuance of such levy to the people for approval or disapproval;to provide for other matters relative to the foregoing; and for other purposes.

Status History

Versions

1. LC 14 9678/a