HB 42 TRANSPORTATION TRUST FUND

Rep Dayan Hochman-Vigil

Actions: HPREF [2] not prntd-HRC

Scheduled: Not Scheduled

 House Bill 42 (HB 42) creates a transportation trust fund, providing for transfers from the fund to the state road fund for certain projects prioritized by the Department of Transportation. 

 House Bill 42 (HB 42) creates a transportation trust fund, providing for transfers from the fund to the state road fund for certain projects prioritized by the Department of Transportation.The fund is created as a nonreverting fund in the state treasury and consists of distributions, appropriations, gifts, grants and donations. The state investment officer is to invest money in the fund in consultation with the state treasurer and the secretary of transportation. Reporting, transfer, and allocation requirements and allowances are detailed.
The effective date of the provisions of this act is July 1, 2024
 

 This trust fund does not currently exist; if the bill does not pass, projects it proposes to support will need to be funded via other means. 

 House Bill 40 (HB 40) - Intrastate Airline Task Force
Senate Bill 201 (SB 201) Transportation Regulations
House Bill 41 (HB 41) - Clean Transportation Fuel Standards
House Bill 146 (HB 146) - Transportation Trust Fund
House Bill 3 (HB 3) - Department of Transportation Appropriations Act