2023 -- H 5618 | |
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LC001404 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2023 | |
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A N A C T | |
RELATING TO MOTOR AND OTHER VEHICLES -- MOTOR FUEL TAX | |
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Introduced By: Representatives O'Brien, McEntee, Dawson, Shanley, Costantino, | |
Date Introduced: February 15, 2023 | |
Referred To: House Finance | |
(Rhode Island Public Transit Authority) | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 31-36-20 of the General Laws in Chapter 31-36 entitled "Motor Fuel |
2 | Tax" is hereby amended to read as follows: |
3 | 31-36-20. Disposition of proceeds. |
4 | (a) Notwithstanding any other provision of law to the contrary, all moneys paid into the |
5 | general treasury under the provisions of this chapter or chapter 37 of this title, and title 46 shall be |
6 | applied to and held in a separate fund and be deposited in any depositories that may be selected by |
7 | the general treasurer to the credit of the fund, which fund shall be known as the Intermodal Surface |
8 | Transportation Fund; provided, that in fiscal year 2004 for the months of July through April six and |
9 | eighty-five hundredth cents ($0.0685) per gallon of the tax imposed and accruing for the liability |
10 | under the provisions of § 31-36-7, less refunds and credits, shall be transferred to the Rhode Island |
11 | public transit authority as provided under § 39-18-21. For the months of May and June in fiscal |
12 | year 2004, the allocation shall be five and five hundredth cents ($0.0505). Thereafter, until fiscal |
13 | year 2006, the allocation shall be six and twenty-five hundredth cents ($0.0625). For fiscal years |
14 | 2006 through FY 2008, the allocation shall be seven and twenty-five hundredth cents ($0.0725); |
15 | provided, that expenditures shall include the costs of a market survey of non-transit users and a |
16 | management study of the agency to include the feasibility of moving the Authority into the |
17 | Department of Transportation, both to be conducted under the auspices of the state budget officer. |
18 | The state budget officer shall hire necessary consultants to perform the studies, and shall direct |
19 | payment by the Authority. Both studies shall be transmitted by the Budget Officer to the 2006 |
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1 | session of the General Assembly, with comments from the Authority. For fiscal year 2009, the |
2 | allocation shall be seven and seventy-five hundredth cents ($0.0775), of which one-half cent |
3 | ($0.005) shall be derived from the one cent ($0.01) per gallon environmental protection fee |
4 | pursuant to § 46-12.9-11. For fiscal years 2010 and thereafter, the allocation shall be nine and |
5 | seventy-five hundredth cents ($0.0975), of which of one-half cent ($0.005) shall be derived from |
6 | the one cent ($0.01) per gallon environmental protection fee pursuant to § 46-12.9-11. One Twenty- |
7 | one percent (21%) of one cent ($0.01) ($0.0021) per gallon shall be transferred to the |
8 | Elderly/Disabled Transportation Program of the department of human services, and the seventy- |
9 | nine percent (79%) of one cent ($0.0079) shall be directly transferred to the Rhode Island public |
10 | transit authority for the elderly/disabled transportation program. The remaining cents per gallon |
11 | shall be available for general revenue as determined by the following schedule: |
12 | (i) For the fiscal year 2000, three and one-fourth cents ($0.0325) shall be available for |
13 | general revenue. |
14 | (ii) For the fiscal year 2001, one and three-fourth cents ($0.0175) shall be available for |
15 | general revenue. |
16 | (iii) For the fiscal year 2002, one-fourth cent ($0.0025) shall be available for general |
17 | revenue. |
18 | (iv) For the fiscal year 2003, two and one-fourth cent ($0.0225) shall be available for |
19 | general revenue. |
20 | (v) For the months of July through April in fiscal year 2004, one and four-tenths cents |
21 | ($0.014) shall be available for general revenue. For the months of May through June in fiscal year |
22 | 2004, three and two-tenths cents ($0.032) shall be available for general revenue, and thereafter, |
23 | until fiscal year 2006, two cents ($0.02) shall be available for general revenue. For fiscal year 2006 |
24 | through fiscal year 2009 one cent ($0.01) shall be available for general revenue. |
25 | (2) All deposits and transfers of funds made by the tax administrator under this section, |
26 | including those to the Rhode Island public transit authority, the department of human services, the |
27 | Rhode Island turnpike and bridge authority, and the general fund, shall be made within twenty-four |
28 | (24) hours of receipt or previous deposit of the funds in question. |
29 | (3) Commencing in fiscal year 2004, the Director of the Rhode Island Department of |
30 | Transportation is authorized to remit, on a monthly or less frequent basis as shall be determined by |
31 | the Director of the Rhode Island Department of Transportation, or his or her designee, or at the |
32 | election of the Director of the Rhode Island Department of Transportation, with the approval of the |
33 | Director of the Department of Administration, to an indenture trustee, administrator, or other third |
34 | party fiduciary, in an amount not to exceed two cents ($0.02) per gallon of the gas tax imposed, in |
| LC001404 - Page 2 of 5 |
1 | order to satisfy debt service payments on aggregate bonds issued pursuant to a Joint Resolution and |
2 | Enactment Approving the Financing of Various Department of Transportation Projects adopted |
3 | during the 2003 session of the General Assembly, and approved by the Governor. |
4 | (4) Commencing in fiscal year 2015, three and one-half cents ($0.035) shall be transferred |
5 | to the Rhode Island Turnpike and Bridge Authority to be used for maintenance, operations, capital |
6 | expenditures and debt service on any of its projects as defined in chapter 12 of title 24 in lieu of a |
7 | toll on the Sakonnet River Bridge. The Rhode Island turnpike and bridge authority is authorized to |
8 | remit to an indenture trustee, administrator, or other third-party fiduciary any or all of the foregoing |
9 | transfers in order to satisfy and/or secure its revenue bonds and notes and/or debt service payments |
10 | thereon, including, but not limited to, the bonds and notes issued pursuant to the Joint Resolution |
11 | set forth in Section 3 of Article 6 of Chapter 23 of the Public Laws of 2010. Notwithstanding any |
12 | other provision of said Joint Resolution, the Rhode Island turnpike and bridge authority is expressly |
13 | authorized to issue bonds and notes previously authorized under said Joint Resolution for the |
14 | purpose of financing all expenses incurred by it for the formerly authorized tolling of the Sakonnet |
15 | River Bridge and the termination thereof. |
16 | (b) Notwithstanding any other provision of law to the contrary, all other funds in the fund |
17 | shall be dedicated to the department of transportation, subject to annual appropriation by the general |
18 | assembly. The director of transportation shall submit to the general assembly, budget office and |
19 | office of the governor annually an accounting of all amounts deposited in and credited to the fund |
20 | together with a budget for proposed expenditures for the succeeding fiscal year in compliance with |
21 | §§ 35-3-1 and 35-3-4. On order of the director of transportation, the state controller is authorized |
22 | and directed to draw his or her orders upon the general treasurer for the payments of any sum or |
23 | portion of the sum that may be required from time to time upon receipt of properly authenticated |
24 | vouchers. |
25 | (c) At any time the amount of the fund is insufficient to fund the expenditures of the |
26 | department of transportation, not to exceed the amount authorized by the general assembly, the |
27 | general treasurer is authorized, with the approval of the governor and the director of administration, |
28 | in anticipation of the receipts of monies enumerated in this section to advance sums to the fund, for |
29 | the purposes specified in this section, any funds of the state not specifically held for any particular |
30 | purpose. However, all the advances made to the fund shall be returned to the general fund |
31 | immediately upon the receipt by the fund of proceeds resulting from the receipt of monies to the |
32 | extent of the advances. |
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1 | SECTION 2. This act shall take effect upon passage. |
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LC001404 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO MOTOR AND OTHER VEHICLES -- MOTOR FUEL TAX | |
*** | |
1 | This act would provide that seventy-nine percent (79%) of one cent ($0.0079) of the gas |
2 | tax be directly transferred to the Rhode Island Public Transit Authority for the Elderly/Disabled |
3 | Transportation Program. |
4 | This act would take effect upon passage. |
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LC001404 | |
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