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MO HB2824

Bill

Status

Introduced

3/15/2016

Primary Sponsor

Bart Korman

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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

  • 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)

  • Director of the Department of Transportation administers the fund; state treasurer serves as custodian and may approve disbursements

  • Remaining fund balances at the end of each biennium do not revert to the general revenue fund

  • 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

Committee Referrals

Transportation4/14/2016

Full Bill Text

No bill text available