CT SB00012

Establishes a "Transportation Excess Surplus account" as a separate, nonlapsing account within the Special Transportation Fund to hold surplus moneys.

Commissioner of Transportation, with approval from the Secretary of the Office of Policy and Management, may expend moneys in the account for transportation costs as defined in section 13b-75 of the general statutes.

Beginning with the fiscal year ending June 30, 2017, the Comptroller shall transfer any unappropriated surplus in the Special Transportation Fund that exceeds 15 percent of total expenditures to the Transportation Excess Surplus account.

Effective from passage.