This bill establishes the Capital Fund within the Department of Transportation. The fund receives all amounts appropriated to the department to fund the construction or repair of highways or bridges that at the end of any fiscal year would otherwise lapse to the General Fund and any amount in any dedicated account to fund the construction or repair of highways or bridges that at the end of any fiscal year would otherwise lapse to the General Fund, as well as 20% of the unappropriated General Fund surplus at the end of each fiscal year and any other funds available to the department that the department directs be deposited into the fund. The fund must be used to fund construction and repairs of highways and bridges as approved by the Legislature by a 2/3 vote of the members of each House.

Statutes affected:
Bill Text LD 1210, HP 770: 5.1536