H97 - 2015 Appropriations Act, Sec. 29.17D: Stabilization of Funding for State Aid to Municipalities (SL 2015-241)

Overview: Section 29.17D of S.L. 2015-241 does the following:

• Amends the statutes that pertain to allocation of funds to municipalities to base the State aid funding to municipalities on an appropriation from the General Assembly instead of a percentage of the tax imposed on motor fuels.
• Requires (i) the funds appropriated for State aid to municipalities to be used primarily for the resurfacing of streets within the corporate limits of the municipality and (ii) the Department of Transportation (DOT) to submit an annual report to the chairs of the Joint Legislative Transportation Oversight Committee by October 1 of each year detailing the uses by each municipality of State aid received during the preceding year.
• Provides that, for the 2015-2016 fiscal year only, DOT may submit the required report by November 1, 2015, instead of October 1, 2015.

This section became effective July 1, 2015.