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 establishes the Connect4Ohio program aimed at enhancing transportation connections across Ohio, particularly in rural areas. The program will prioritize funding for projects that complete existing corridors, eliminate traffic impediments, and provide necessary matching funds for construction projects. The director of transportation is responsible for administering the program and ensuring that funding aligns with the established priorities. The bill also includes provisions for transferring funds from the expanded sales tax holiday fund to the Connect4Ohio fund, ensuring that the latter is adequately financed for its intended purposes.

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