Current with changes from the 2024 Legislative Session
Section 3-217 - Restriction on transferring funds in Transportation Trust Fund to General Fund or special fund; repayment(a) Any funds in the Transportation Trust Fund transferred or diverted from that Fund to the General Fund or a special fund shall be repaid within 5 years after the transfer or diversion as follows: (1) At least 10 percent of a transfer or diversion in a fiscal year shall be repaid in the first fiscal year after the transfer or diversion;(2) A cumulative total of at least 30 percent of a transfer or diversion in a fiscal year shall be repaid within 2 fiscal years after the transfer or diversion;(3) A cumulative total of at least 55 percent of a transfer or diversion in a fiscal year shall be repaid within 3 fiscal years after the transfer or diversion;(4) A cumulative total of at least 80 percent of a transfer or diversion in a fiscal year shall be repaid within 4 fiscal years after the transfer or diversion; and(5) A cumulative total of 100 percent of a transfer or diversion in a fiscal year shall be repaid within 5 fiscal years after the transfer or diversion.(b) This section does not apply to a distribution of highway user revenues to counties, municipalities, and Baltimore City under § 8-403 of this article.Amended by 2013 Md. Laws, Ch. 429,Sec. 3, eff. 6/1/2013.