House Bill 494 Summary

• Establishes that one-sixth of state general fund revenue exceeding $2,909,847,700 and educational support program appropriations exceeding $1,418,542,700 shall be credited to the Highway Distribution Account in the fiscal year following when both conditions are met.

• Maintains the Highway Distribution Account apportionment at 38% to local units of government, 57% to the state highway account, and 5% to the law enforcement account fund.

• Adds new subsection (14) to sales tax distribution law directing that money distributed to the general fund when highway revenue conditions are met shall be distributed to the general fund.

• Adds new subsection (15) to sales tax distribution law providing for distribution to the highway distribution account according to section 40-701(1) provisions.

• Clarifies that any remaining sales tax moneys after all other distributions shall be distributed to the general fund.