House Approves Transportation Lock BoxJune 6, 2017
I am pleased to announce that the House has passed House Joint Resolution 100, which calls for a statewide referendum asking voters to amend the State Constitution to ensure that money in the Special Transportation Fund (STF) is in a "lock box" and can be spent only on the state's transportation needs.
This is a good measure that will ensure that all money collected through various fees in the STF is spent only on transportation costs.
The money will remain in a perpetual fund and the General Assembly will direct the resources solely for transportation purposes, including the payment of debt service on obligations of the state incurred for transportation purposes.
The resolution now goes to the Senate. If approved, the referendum would be held in the November 2018 election.