The bill H. 4031 aims to amend the South Carolina Code of Laws by adding a new section, 57-11-30, which mandates that certain fines and fees collected under various sections of the law be credited directly to the State Highway Fund, rather than being transferred to the State Transportation Infrastructure Bank. This change is intended to ensure that funds are allocated specifically for highway maintenance and improvements. The Department of Transportation is tasked with using these funds to pay off debts incurred by the State Transportation Infrastructure Bank and to support a state-funded resurfacing program, which will be developed using a needs-based methodology to guarantee funding for each county.

Additionally, the bill includes the repeal of Chapter 43 of Title 11, which pertains to the State Transportation Infrastructure Bank, effectively dissolving this entity. The Secretary of Transportation is required to maintain the prioritization of bridge and resurfacing needs at levels comparable to those in the previous fiscal year. The bill will take effect upon the Governor's approval.

Statutes affected:
02/18/2025: 57-11-30
Latest Version: 57-11-30