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2008 Session

Budget Bill - SB30 (Introduced)

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Department of Transportation

Item 462

Item 462

First Year - FY2009Second Year - FY2010
2007 Transportation Initiative (61700)$0$180,000,000
Fund Sources:  
GeneralFY2009 $0FY2010 $180,000,000

A. There is hereby reappropriated the unexpended general fund balance remaining in this program on June 30, 2008.  On or before June 30, 2009, the State Comptroller shall revert up to $180,000,000 of this general fund appropriation to the balance of the general fund.


B. There is hereby appropriated within this Item $180,000,000 the second year from the general fund.


C. The general fund amount reappropriated in the first year in this Item in excess of the reversion required by paragraph A and the second year general fund appropriation of $180,000,000 in this Item shall be transferred to the affected transportation funds as necessary to meet required expenditures for the purposes set out in Item 449.10, Chapter 847, 2007 Acts of Assembly.  The total transfers to the affected transportation funds during the biennium, when added to any transfers previously made in FY 2008, shall not exceed the total amount specified for any purpose in Item 449.10, Chapter 847, 2007 Acts of Assembly.