SD49 - The Sufficiency and Distribution of Funds in the Transportation Trust Fund

  • Published: 1994
  • Author: Select Committee
  • Enabling Authority: Senate Joint Resolution 240 (Regular Session, 1993)

Executive Summary:
This study was commissioned by the 1993 Session of the General Assembly through passage of Senate Joint Resolution No. 240 (SJR 240). This resolution established a seventeen member committee to review:

• The recommendations of the Virginia Department of Transportation (VDOT) (submitted pursuant to Senate Joint Resolution No. 188 of 1991) regarding the allocation of Transportation Trust Fund Revenues;

• The sufficiency of private, federal, state, and local revenue sources to meet the long-term maintenance and construction needs of the Commonwealth's highway, public transportation, rail, port, and airport systems;

• The reports on vehicle cost responsibility (contained in Senate Document No. 26 of 1991 and Senate Document No. 30 of 1992); and

• The uses of and ways to ensure the integrity of the Transportation Trust Fund so that all revenues originally defined by law as part of the Transportation Trust Fund are used exclusively for transportation improvement purposes.