WILLIAM DONALD SCHAEFER, Governor                    Ch. 291

[(ii)] (4) The excise tax imposed on vehicles
by Part II of Title 13, Subtitle 8, of this article.

3-216.

(c) (1) There shall be maintained in the Transportation
Trust Fund one or more sinking fund accounts to which shall be
credited and from which shall be paid, from the proceeds of the
taxes levied and imposed for that purpose or from any other funds
of the Department, amounts sufficient at all times to meet the
debt service on all bonds of prior issues and consolidated
transportation bonds from time to time outstanding and unpaid.

(2) The Gasoline and Motor Vehicle Revenue Account,
the Driver Education Account, and the Motorcycle Safety Program
Account shall be maintained in the Transportation Trust Fund.

[(3) There is a Transportation Revenue Stabilization
Account in the Transportation Trust Fund. The revenues collected
from the proceeds of the tax imposed by Article 56, § 136(f) of
the Code, after deductions provided by law, shall be credited to
the account for the purpose of a reserve fund for the State's
future transportation needs and for the purpose of allowing the
General Assembly sufficient time to receive, evaluate, and act on
the report and recommendations to be submitted pursuant to
Section 8-403(e) of this article. It is the intent of the
General Assembly that no funds shall be distributed from this
account until the General Assembly enacts legislation which
provides for the allocation, distribution, and use of highway
user revenues in the Gasoline and Motor Vehicle Revenue Account
and the allocation, distribution, and use of revenues in the
Transportation Revenue Sharing Account. If the General Assembly
determines by joint resolution that no change should be made in
the manner of distribution and allocation of revenues in those
accounts, then the funds in the Transportation Revenue
Stabilization Account shall be distributed in the manner provided
for the allocation and distribution of highway user revenues in
the Gasoline and Motor Vehicle Revenue Account.]

(d) (1) After meeting its debt service requirements, the
Department may use the funds in the Transportation Trust Fund for
any lawful purpose related to the exercise of its rights, powers,
duties, and obligations.

(2) Expenditures under this subsection shall be made
in accordance with any appropriation provided for in any
applicable budget bill or supplementary appropriation bill.
However, an appropriation proposed to be made to any unit in the
Department or proposed to be made for any designated
transportation activity, function, or undertaking that has been
reduced by the General Assembly may not be restored, for the same
purpose as originally proposed, except in an emergency, by the
budget amendment procedure of § 7-209 of the State Finance and

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