SPONSOR: Hurlbert
Currently, the Department of Transportation must provide a report each year to the Governor and Lieutenant Governor. This bill requires the Department to include a summary of it's internal and external expenditures in the report.
For each fiscal year that the Department's internal expenditures, as defined in the bill, exceed 18% of its total expenditures, the bill requires that the Motor Fuel Tax be reduced by $.01 per gallon the following fiscal year, but the tax may not be reduced more than $.05 per gallon below the rate as of August 28, 2025.
In any fiscal year following a rate reduction, if the Department's internal expenditures are less than 18% of its total expenditures, Motor Fuel Tax will be increased by $.01 per gallon or up to the rate as of August 28,2025, whichever is less, in the following fiscal year.
Statutes affected: