The proposed resolution seeks to amend the New Jersey State Constitution to allocate specific revenues to the Transportation Trust Fund (TTF) to support the state's transportation system. It outlines that from July 1, 2007, through July 1, 2015, a portion of the revenue from motor fuel taxes will be credited to a special account in the General Fund, with subsequent years requiring all revenue from these taxes to be dedicated to the TTF. Additionally, it mandates that a minimum of $200 million from the gross receipts tax on petroleum products be allocated to the TTF for fiscal years 2002 through 2016, and thereafter, all revenue from this tax. The amendment also includes provisions for revenues from sales taxes on electric vehicles and additional registration fees for electric vehicles, ensuring that these funds are exclusively used for transportation-related expenses.

The resolution stipulates that the amendment will be presented to the public for approval in the next general election, following the necessary publication requirements. It clarifies that the amendment does not impose new taxes or fees on electric vehicles but ensures that if such taxes or fees are enacted, the revenues generated will be directed towards the TTF. This constitutional change aims to enhance funding for the planning, construction, and maintenance of New Jersey's transportation infrastructure, thereby reinforcing the state's commitment to improving its transportation system.