The bill amends section 131.44 of the Revised Code and enacts section 5501.62, establishing a framework for allocating a portion of any state revenue surplus to fund road and bridge projects through the newly created Connect4Ohio fund. It defines "surplus revenue" and outlines the process for determining and transferring surplus funds. Specifically, the director of budget and management is tasked with assessing surplus revenue by July 31 each year and directing funds first to the budget stabilization fund, then to an expanded sales tax holiday fund, and finally to the Connect4Ohio fund, which is designated for supporting transportation projects.

Additionally, the bill codifies section 755.30 of H.B. 33 from the 135th General Assembly as section 5501.61, which outlines the purpose and administration of the Connect4Ohio program. This program aims to enhance transportation connections across Ohio, particularly benefiting rural counties. The director of transportation will oversee the program, which prioritizes funding for existing corridor projects, eliminating traffic impediments, and providing necessary matching funds for construction projects. The bill also includes provisions for transferring funds from the expanded sales tax holiday fund to the Connect4Ohio fund, ensuring that the program is adequately financed.

Statutes affected:
As Introduced: 131.44, 755.30, H.B, 5501.61