2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Wagner
Natural Gas Vehicle Incentive Fund (language only)

Item 252 #1s

Item 252 #1s

Finance, Secretary of

Page 203. after line 23, insert:
"D.  The Secretary of Finance and the Secretary of Transportation shall direct the Comptroller, the Commissioner of Taxation, and the Commissioner of the Department of Motor Vehicles to take all actions as may be necessary to establish the Natural Gas Vehicle Incentive Fund with any amounts that shall be paid into the state treasury and credited to the Fund pursuant to Senate Bill 505 of the 2014 General Assembly. Monies deposited into the Fund, after payment of the direct costs for administration of the collection and enforcement of taxes and fees deposited to the Fund to reimburse the applicable state agencies for such administration and collection, shall be allocated for reimbursement of tolls and other grant programs established pursuant to Senate Bill 505. The Comptroller shall report quarterly to the Governor and the General Assembly on the direct monthly costs of administering the taxes and fees, for the purposes of the Comptroller reimbursing state agencies."

(This amendment implements the provisions of SB 505 related to the establishment, funding, and administration of the Natural Gas Incentive Fund.)