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MO HB2824
Bill
Status
3/15/2016
Primary Sponsor
Bart Korman
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AI Summary
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Creates the "Freight Corridor Fund" in the state treasury to expand traffic capacity on roads designated by the Secretary of Transportation as part of the primary freight network
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Funds the account with appropriations from the state road fund equal to revenue generated by 2 cents of the motor fuel tax on diesel fuel (per section 142.803)
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Director of the Department of Transportation administers the fund; state treasurer serves as custodian and may approve disbursements
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Remaining fund balances at the end of each biennium do not revert to the general revenue fund
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Interest and earnings from fund investments are credited back to the Freight Corridor Fund
Legislative Description
Creates the Freight Corridor Fund, which shall be used to expand the traffic capacity of certain highways
Last Action
Referred: Transportation(H)
4/14/2016