2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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House Transportation Initiative - Cent Accts (language only)

Item 427 #2h

Item 427 #2h

Transportation, Secretary of

Page 364, strike line 42 through line 53, and insert:
"B. Included within the appropriations for the Office of Transportation is $1,030,300,000 from the general fund for the House Transportation Initiative to: 1) dedicate one-third of the insurance license tax revenues to transportation so that capital improvements to transit and highways can be planned on a sustainable basis;  2) expedite the advancement or completion of certain critical highway and transit projects already identified by the Commonwealth Transportation Board and to match certain Congressionally designated projects in P.L. 109-59 of the 109th Congress; and 4) meet the General Assembly's commitment to fund the debt service costs associated with the federal revenue anticipation notes issued to replace the general sales and use tax diverted to the general fund in fiscal year 2003."
Page 365, strike line 1 through line 3.

(This amendment eliminates the language summarizing the transportation package as included in House Bill 5002 as introduced and replaces it with language setting out the House transportation package.)