Transfers Of Money For State's Infrastructure

Joint Budget Committee. For the 2018-19 fiscal year, the bill transfers: $71,431,345 from the general fund to the capital construction fund; $15,206,760 from the general fund to the information technology capital account of the capital construction fund; $500,000 from the general fund exempt account of the general fund to the capital construction fund; $30 million from the general fund to the controlled maintenance trust fund; $150,000 from the preservation grant program account of the state historical fund for historical property rehabilitation in the capitol complex; and $495 million from the general fund to the state highway fund if Senate Bill 18-001 does not pass. Of this amount, 25% is allocated to counties, 25% is allocated to municipalities, and 15% is allocated to the multimodal transportation options fund created in the bill.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More