Modify General Fund Transfers to State Highway Fund

Joint Budget Committee. The bill 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 $36 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 $61 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 the reengrossed version of this bill as introduced in the second house.)