SB19-262
General Fund Transfer To Highway Users Tax Fund
Concerning a one-time transfer of one hundred million dollars from the general fund to the highway users tax fund.
Session:
2019 Regular Session
Subject:
Bill Summary
Transportation & Motor Vehicles
General fund transfer to highway users tax fund for state fiscal year 2019-20. The act requires the state treasurer to transfer $100 million from the general fund to the highway users tax fund on July 1, 2019, for allocation to the state highway fund, counties, and municipalities in accordance with the existing "second stream" allocation formula, which allocates the money as follows:
- 60% to the state highway fund;
- 22% to counties; and
- 18% to municipalities.
(Note: This summary applies to this bill as enacted.)