Modify General Fund Transfers to State Highway Fund

The act modifies the schedule and amounts of annual transfers from the general fund to the state highway fund as follows:

• The $100 million transfer to the state highway fund scheduled for July 1, 2025, is reduced to $32.2 million;
• The $100 million transfer to the state highway fund scheduled for July 1, 2026, is reduced to $50.5 million;
• The $82.5 million transfers to the state highway fund scheduled for each July 1 from July 1, 2029, through July 1, 2031, are increased to $100 million;
• A new $64.8 million transfer to the state highway fund is scheduled for July 1, 2032; and
• The $7 million transfers to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program scheduled for each July 1 from July 1, 2025, through July 1, 2031, are eliminated.
  (Note: This summary applies to this bill as enacted.)