CA SB1418

Repeals provisions requiring weight fee revenues from commercial motor vehicle registrations to be transferred to the Transportation Debt Service Fund for bond debt service payments, instead retaining these revenues in the State Highway Account.

Reallocates fuel excise tax revenues derived from 2010 rate increases to require 56% deposited to the State Highway Account (with minimum 21.453% for State Highway Operation and Protection Program) and 44% to cities and counties for local streets and roads.

Removes provisions allowing weight fee revenue loans to the General Fund for non-transportation purposes.

Makes conforming changes to eliminate references to repealed weight fee transfer and loan provisions in Government Code and Vehicle Code sections.

Becomes operative July 1, 2014, with immediate effect as an urgency statute; makes an appropriation from the State Highway Account.