Dedicates unencumbered revenue collected from motor vehicle fees and surcharges to Transportation Trust Fund.
This bill redirects revenue from certain motor vehicle fees and surcharges to New Jersey's Transportation Trust Fund instead of the General Fund. Currently, some of this money goes to the General Fund, but this bill changes that allocation. The redirection is phased in over five years, starting with 20% of the revenue in the first year after the bill takes effect, increasing to 100% by the fifth year. This change affects how transportation funding is structured, ensuring more money from vehicle fees supports transportation projects rather than general state budgeting.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Transportation and Independent Authorities Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John DiMaio
RRepublican
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