Joint Budget Committee. The bill modifies the schedule and
amounts of annual transfers from the general fund to the state highway fund as follows:
•
The $100 million transfer to the state highway fund scheduled for July 1, 2025, is reduced to $36 million;
•
The $100 million transfer to the state highway fund scheduled for July 1, 2026, is reduced to $50.5 million;
•
The $82.5 million transfers to the state highway fund scheduled for each July 1 from July 1, 2029, through July 1, 2031, are increased to $100 million;
•
A new $61 million transfer to the state highway fund is scheduled for July 1, 2032; and
•
The $7 million transfers to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program scheduled for each July 1 from July 1, 2025, through July 1, 2031, are eliminated.
