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MS HB354

Bill

Official Source

Status

Failed

3/28/2018

Primary Sponsor

Philip Gunn

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Deposits 50% of general fund revenue growth above 2% (capped at $100 million annually) into three special road and bridge funds.

  • Creates MDOT Roads and Bridges Repair, Maintenance and Reconstruction Fund receiving 60% of deposited revenue for state road projects.

  • Creates County Roads and Bridges Repair, Maintenance and Reconstruction Fund receiving 25% of deposited revenue, distributed to counties by equal shares (1/3), rural road miles (1/3), and rural population (1/3).

  • Creates Municipal Roads and Bridges Repair, Maintenance and Reconstruction Fund receiving 15% of deposited revenue, with grants up to $1.5 million per municipality administered by the Office of State Aid Road Construction.

  • Takes effect July 1, 2018; unexpended balances do not lapse and interest earnings remain in the funds.

Legislative Description

General fund revenue; provide that percent of growth in will be used for repair and maintenance of state and local roads.

Last Action

Died In Conference

3/28/2018

Committee Referrals

Finance2/16/2018
Appropriations1/3/2018

Full Bill Text

No bill text available