SB 1005 Summary

• Transfers gasoline excise tax revenues from aviation, boats, agricultural vehicles, and off-highway vehicles from specialized accounts to the General Fund from July 1, 2012 through June 30, 2015, then redirects them to the Highway Users Tax Account starting July 1, 2015.

• Appropriates all weight fee revenues in the State Highway Account for the 2011-12 fiscal year to the General Fund as debt service reimbursement and loans, with $42,000,000 transferred as a loan on July 1, 2012.

• Requires the Controller to transfer remaining weight fee revenues annually to the General Fund as loans after debt service costs are reimbursed, with repayment required by June 30, 2021.

• Authorizes the Department of Transportation to publish public notices for projects on its Internet website instead of requiring newspaper publication.

• Directs the Controller to transfer $432,200,000 from the Motor Vehicle Account to the General Fund as a loan in fiscal year 2012-13, with repayment required by June 30, 2016.