Rep. Leonard introduced House Bill 18-1119. The bill diverts 7.5 percent of sales and use tax revenue from the General Fund to the State Highway Fund. Conditional on approval of a ballot measure, the bill authorizes the issuance of Transportation Revenue Anticipation Notes and repeals executions of lease-purchase agreements under Senate Bill 17-267. Rep. Leonard distributed a fact sheet [Attachment C], a chart [Attachment D], and a graph [Attachment E]. He answered several committee questions.