Senate Bill No. 217 Summary

• Redirects 0.67% of state sales tax revenue from the state general fund to counties, cities, and towns for local road and street funding, effective July 1, 2012.

• Distributes the 0.67% allocation monthly to each county and its cities/towns based on their proportionate share of total county road mileage and city/town street mileage within Indiana.

• Requires the auditor of state to calculate each county's distribution and further suballocate funds among cities and towns within each county based on their street mileage.

• Restricts use of distributed funds to the same purposes permitted for money from the local road and street account, limiting expenditures to road and street maintenance and improvements.

• Reduces the percentage of sales tax deposited to the state general fund from 99.848% to 99.178% to accommodate the new local road funding allocation.