Committee: Governmental AffairsSponsor: Shelnutt
Analyst: John FriedenreichDate: 03/08/2021

FISCAL NOTE

Senate Bill 281 as introduced would require that any motor fuel tax, license tax, or other related taxes levied by a county or municipality only be used for road and bridge construction and maintenance after the effective date of this bill. This would require the counties and municipalities currently using those revenues for other purposes than road and bridge construction and maintenance to utilize alternative sources of funding, however, on the effective date of this bill any of those revenues pledged as security or to fund the payment of bond or debt obligations may continue to be used for up to five years.


 Jimmy Holley, Chairperson
Governmental Affairs