This bill amends Section 63-3638 of the Idaho Code to establish a structured distribution of sales tax revenues specifically for transportation initiatives. It mandates that 4.5% of sales tax revenues, with a minimum of $80 million and a maximum of $140 million, be allocated to the Transportation Expansion and Congestion Mitigation Fund before July 1, 2025. Additionally, the bill revises the funding provisions for local units of government, enhancing their financial support for highway projects to address transportation needs and improve infrastructure.

Furthermore, the bill outlines a continuous appropriation of funds for local highway projects for fiscal years 2025 through 2027, detailing specific allocations such as $145 million from July 1, 2025, to June 30, 2026, with $100 million for the transportation fund and $45 million for local projects. It also introduces continuous appropriations for the public school income fund and other educational initiatives, while ensuring that any remaining funds after these distributions are directed to the general fund. The bill emphasizes that local governments can pool their funds for highway projects, which are restricted to road and bridge maintenance, lane expansions, and congestion mitigation for motor vehicles. An emergency clause is included to allow for immediate implementation upon passage.

Statutes affected:
Bill Text: 63-3638, 40-720