Virginia HB 734: Constitutional amendment; special funds for transportation purposes.

Bill Text

Bill Tracking - 2018 session > Legislation 

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2018 SESSION

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18101005D

HOUSE BILL NO. 734 

Offered January 10, 2018 

Prefiled January 9, 2018 

A BILL to provide for the submission to the voters of a 
 proposed amendment to the Constitution of Virginia by adding in Article X a 
 section numbered 7-B, relating to special funds for transportation purposes. 
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Patrons-- LaRock, Bell, Richard P., Cline, Cole, Fariss, Hugo, Jones, S.C., 
Landes, Marshall, McGuire, Pogge, Thomas, Wilt and Wright 

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Referred to Committee on Privileges and Elections 

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Be it enacted by the General Assembly of Virginia:

1. � 1. It shall be the duty of the officers conducting 
 the election directed by law to be held on the Tuesday after the first Monday 
 in November 2018, at the places appointed for holding the same, to open a poll 
 and take the sense of the qualified voters upon the ratification or rejection 
 of the proposed amendment to the Constitution of Virginia, contained herein and 
 in the joint resolution proposing such amendment, to wit:

Amend the Constitution of Virginia by adding in Article X a 
 section numbered 7-B as follows:

ARTICLE X 

TAXATION AND FINANCE 

Section 7-B. 
 Transportation Funds.

(a) The General Assembly 
 shall maintain permanent and separate Transportation Funds. The Commonwealth 
 Transportation Fund, Transportation Trust Fund, Highway Maintenance and 
 Operating Fund, any other Fund established by general law for transportation, 
 and all subsidiary accounts and parts thereof, shall be deemed Transportation 
 Funds for purposes of this section.

(b) There shall be 
 deposited to the Transportation Funds all revenues dedicated to the 
 Transportation Funds under provisions of general law, but excluding a general 
 appropriation law, in effect on January 1, 2018. However, the General Assembly 
 may by general law, but excluding a general appropriation law, make changes to 
 the revenues dedicated and paid into the Transportation Funds. Money in the 
 Transportation Funds may be invested as authorized by law.

(c) The General Assembly 
 shall appropriate Transportation Funds only for purposes of (i) financing, 
 acquiring, constructing, improving, maintaining, and operating transportation 
 systems in the Commonwealth, and all purposes incidental thereto; (ii) 
 furthering the interests of the Commonwealth in highways, public 
 transportation, railways, seaports, and airports; and (iii) providing for the 
 operations of state agencies related to transportation.

(d) The General Assembly 
 may borrow from Transportation Funds for other purposes only by an 
 affirmative vote of two-thirds of the members elected to each house. The 
 name of each member voting and how he voted shall be recorded in the journal of 
 each house. Any amount borrowed shall be repa