IL SB2139

Beginning in fiscal year 2014, at least 40% of all Road Fund revenue must be appropriated for construction, reconstruction, improvement, repair, and maintenance of highways and bridges.

The Comptroller shall conduct audits every three years beginning in fiscal year 2017 to determine whether the Road Fund meets the 40% expenditure requirement on a three-year rolling basis.

If the Road Fund falls below the 40% threshold over a three-year period, the Road Fund's share of Motor Fuel Sales Tax revenue is reduced by 1% annually, with funds transferred to the State Construction Account Fund.

Road Fund administrators that miss the 40% target must make additional construction and maintenance expenditures in subsequent years to equal previous shortfalls, with annual audits conducted during the remediation period.

Once the Road Fund satisfies all previous shortfalls, it regains lost Motor Fuel Sales Tax revenue shares at a rate of 1% per year for each year the 40% expenditure target is met, and the Comptroller returns to three-year audit cycles once full revenue shares are restored.