SB 265
Establishes the "Waterways and Ports Trust Fund"
LR Number:
Last Action:
4/3/2023 - Formal Calendar S Bills for Perfection
Journal Page:
Effective Date:
August 28, 2023

Current Bill Summary

SB 265 - This act establishes the "Waterways and Ports Trust Fund". The fund shall consist of moneys appropriated to it by the General Assembly, and may also receive money from federal, private, or other sources.

Moneys in the fund shall be withdrawn only upon appropriation by the General Assembly, to be administered by the Highways and Transportation Commission and the Department of Transportation, for the purposes of developing a statewide plan for waterborne commerce and reviewing plans of local or regional port authorities for major public capital improvements to encourage coordination with the statewide plan.

The act specifies eligibility requirements for a project to be eligible to receive an appropriation from the fund.

This act shall terminate on August 28, 2033, pending the discharge of moneys from the fund. The fund shall be dissolved on December 31, 2033, with the unencumbered balance being transferred to the General Revenue Fund.



No Amendments Found.