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MO HB689
Bill
Status
1/26/2015
Primary Sponsor
Bart Korman
Click for details
AI Summary
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Creates the "Divided Highway Transportation Fund" in the state treasury to collect all fees and fines from traffic stops or violations on interstate highways and divided highways
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Allocates 45% of fund revenue to the Department of Transportation, distributed to districts based on their percentage of interstate/divided highway lane miles
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Distributes 20% to municipalities and 20% to counties for transportation purposes, each based on their proportional share of interstate/divided highway lane miles within their boundaries
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Designates 10% to the foundation formula (education funding) and 5% to the state highway patrol
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Fund moneys do not revert to general revenue at the end of the biennium; interest earned on investments is credited back to the fund
Legislative Description
Creates the Divided Highway Transportation Fund and designates how moneys in the fund must be disbursed
Last Action
Public Hearing Completed (H)
3/11/2015