Issue Date:
Revised Date: 2017-02-03

Legal Citations

Origin:

1917

Purpose

To receive money allocated by law for furtherance of public road construction and maintaining/policing the state highway system. Fund receives up to one-half of an amount equal to 75 percent of oil production and natural gas production tax revenues in any fiscal year that exceeds fiscal 1987 collections.

State Infrastructure Bank is an account in the highway fund to receive proceeds of bonds issued under § 222.075, and other eligible federal and state dollars. Funds may not be pledged or encumbered to guarantee a loan obtained or insure bonds issued by a public or private entity for costs associated with a toll facility.

Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Retained for constitutionally dedicated portion of the fund. Remainder credited to General Revenue Fund (0001).
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Fund not created by Constitution but some revenue sources are constitutionally dedicated.

State Infrastructure Bank added by S.B. 370, 75th Leg, R.S.

Amended by S.B. 883, 81st Leg., R.S.

Agency 608 added by H.B. 3097, 81st Leg., R.S.

Prior to November 2014, Fund 0599 received an amount equal to 75% of excess oil and gas revenues above the 1987 level. H.B. 1 and S.J.R. 1, 83rd Leg., 3rd C.S. split the 75% transfer to deposit at least one-half to Fund 0599 and the remainder to the State Highway Fund 0006. This was approved by the voters in November 2014.

USAS Values

USAS Title STATE HIGHWAY FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.