2005 Session

Budget Amendments - SB700 (Conference Report)

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GF Support for FRAN Debt Service (language only)

Item 493 #1c

Item 493 #1c

Transportation, Department of

Page 447, strike lines 16 through 18 and insert:
"5.  It is the intent of the General Assembly that general fund appropriations to the Priority Transportation Fund shall include the amounts required to offset the debt service payment requirements on the Transportation Trust Fund attributable to the $317,000,000 of the Federal Highway Reimbursement Notes until such debt has been retired."

(This amendment expresses the intent of the General Assembly to continue providing general fund support for the debt service requirements of the federal highway revenue anticipation notes issued to replace the $317.0 million in general sales and use taxes diverted from the Transportation Trust Fund in fiscal year 2003 until such debt has been retired.)