WEST virginia legislature
2017 regular session
Senate Joint Resolution 6
By Senators Carmichael (Mr. President) and Prezioso
(By Request of the Executive)
[Introduced February 23,
to the Committee on Transportation and Infrastructure; and then to the Committee on the Judiciary]
Proposing an amendment to the Constitution of the State of West Virginia, amending article X thereof by adding thereto a new section, designated section twelve, relating to authorizing the Legislature to issue and sell state bonds not exceeding the aggregate amount of $1.6 billion to be used for improvement and construction of state roads; numbering and designating such proposed amendment; authorizing a special election on the ratification or rejection of the amendment to take place in 2017 to be set by the Governor; and providing a summarized statement of the purpose of such proposed amendment.
Resolved by the Legislature of West Virginia, two thirds of the members elected to each house agreeing thereto:
That the question of ratification or rejection of an amendment to the Constitution of the State of West Virginia be submitted to the voters of the state at a special election to be held at a date set by the Governor in 2017 and proclaimed in accordance with section three, article eleven, chapter three of the Code of West Virginia, which proposed amendment is that article X thereof be amended by adding thereto a new section, designated section twelve, to read as follows:
ARTICLE X. TAXATION AND FINANCE.
§ 12. Roads to Prosperity Amendment of 2017.
(a) The Legislature shall have power to authorize the issuing and selling of state bonds not exceeding in the aggregate $1.6 billion dollars. The proceeds of said bonds hereby authorized to be issued and sold over a four-year period in the following amounts:
(1) July 1, 2018, an amount not to exceed $800 million;
(2) July 1, 2019, an amount not to exceed $400 million;
(3) July1, 2020, an amount not to exceed $200 million; and
(4) July 1, 2021, an amount not to exceed $200 million;
Any bonds not issued under the provisions of subdivisions (1) through (3), inclusive, of this subsection may be carried forward and issued in any subsequent year.
(b) The proceeds of the bonds shall be used and appropriated for the following purposes:
(1) Matching available federal funds for highway construction in this state; and
(2) General highway and secondary road construction or improvements in each of the fifty-five counties.
(c) When a bond issue as aforesaid is authorized, the Legislature shall at the same time provide for the collection of an annual state tax sufficient to pay as it may accrue the interest on such bonds and the principal thereof within and not exceeding twenty-five years. Any interest that accrues on the issued bonds prior to payment shall only be used for the purposes of the bonds.
Resolved further, That in accordance with the provisions of article eleven, chapter three of the Code of West Virginia, 1931, as amended, such proposed amendment is hereby numbered “Amendment No. 1” and designated as the “Roads to Prosperity Amendment of 2017” and the purpose of the proposed amendment is summarized as follows: “To provide for the improvement and construction of safe roads in the state.”
NOTE: The purpose of this resolution is to provide for the improvement and construction of safe roads in the state.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.