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Texas lawmakers pass transportation funding bill
Posted By Amanda Bayhi On August 6, 2013 @ 2:12 pm In News & Analysis | No Comments
During the special session, lawmakers approved a constitutional amendment that would increase transportation spending by about $1.2 billion each year and provide the funds by diverting a portion of oil and gas revenues from the Rainy Day Fund to the Texas Department of Transportation (TxDOT) .
State lawmakers reached a deal last month  that provides conditions for the measure, including a rule allowing the state’s Legislative Budget Board to determine what the Rainy Day Fund’s balance should be and cut off transportation funding if the Rainy Day Fund needs a boost. The deal also specified that the money would only be used to fund projects on non-toll roads and bridges.
Texas citizens will vote on the measure in November 2014.
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URL to article: http://www.equipmentworld.com/texas-lawmakers-pass-transportation-funding-bill/
URLs in this post:
 Image: http://www.equipmentworld.com/files/2013/07/2536926497_d532e89497_b.jpg
 third special session: http://www.equipmentworld.com/texas-house-continues-transportation-funding-talks/
 according to a report from CBS Dallas: http://dfw.cbslocal.com/2013/08/05/texas-legislature-approves-transportation-bill-adjourns-3rd-special-session/
 State lawmakers reached a deal last month: http://www.equipmentworld.com/texas-lawmakers-agree-to-tap-rainy-day-fund-for-transportation/
 Transportation spending bill passes Texas House, moves to Senate: http://www.equipmentworld.com/transportation-spending-bill-passes-texas-house-moves-to-senate/
 Texas Senate, House propose differing transportation funding plans: http://www.equipmentworld.com/texas-senate-house-propose-differing-transportation-funding-plans/
 Texas transportation funding proposal heads to second special session: http://www.equipmentworld.com/texas-transportation-funding-proposal-heads-to-second-special-session/
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