Chief Patron: Marshall R.
Revenues for Transportation Per HB 1717 (language only)

Item 456.10 #2h

Language
Page 486, after line 42, insert:
"A.  No additional general fund dollars above those included in the Official Revenue Estimate included in Chapter 10, Special Session 1 of the 2006 General Assembly shall be provided in any item of this act with the exception of any general fund deposit required for the Revenue Stabilization Fund pursuant to Article X, Section 8 of the Constitution of Virginia, any general fund deposit required for the Water Quality Improvement Fund pursuant to § 10.1-2128.
B. Additional general fund revenue collections above that which was assumed in Chapter 10, Special Session 1 of the 2006 General Assembly, estimated at $332,984,265 the first year and $188,822,133 the second year shall be transferred to this Item for allocation as follows:  the first $135,000,000 shall be allocated by the Director, Department of Planning and Budget to cost overruns on previously approved capital outlay projects within higher education; and the remainder, estimated at $197,984,265 the first year and $188,822,133 the second year shall be transferred to Item 443 and be used for highway system acquisition and construction projects.
C.  Those amounts transferred to Item 443 shall be distributed as follows:  
1. One-half of such tax revenues shall be allocated for transportation projects within the region encompassed by all counties and cities in any planning district, established pursuant to § 15.2-4203, and in all counties and cities adjacent to any such county or city, wherein, as of January 1, 2002, all such counties and cities have been designated as nonattainment for the one-hour ozone standard pursuant to the federal Clean Air Act Amendments of 1990; and
2. One-half of such tax revenues shall be allocated for transportation projects within the region encompassed by all cities and counties (i) whose entire geographic boundaries were at one time designated as nonattainment for the one-hour ozone standard pursuant to the federal Clean Air Act Amendments of 1990; (ii) whose entire geographic boundaries were redesignated to attainment status for such one-hour ozone standard on or before July 28, 1997; and (iii) that as of January 1, 2002, were required to have an air quality maintenance plan in effect for ozone pursuant to the federal Clean Air Act Amendments of 1990. Such revenue shall also be distributed in any county (a) not included in subdivision 1 and (b) in which U.S. Route 460 was situated, as of July 1, 2002, from Zuni eastward to the end of such highway.
D. In designating transportation projects to fund pursuant to paragraphs C.1. and C. 2.  the Commonwealth Transportation Board shall use the following criteria: (i) projects that will reduce poor air quality; (ii) projects that will reduce traffic congestion; and (iii) projects that will aid the safety of motorists or pedestrians."

Explanation
(This amendment directs all general fund revenues not anticipated when Chapter 3/10 was adopted by the 2006 Session of the General Assembly to transportation and capital outlay cost overruns. These amounts total $521.8 million of which $135 million would be used for capital outlay and $386.8 million for transportation. The transportation funds are to be distributed according to the provisions of House Bill 1717, 2007 Session.)