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| BASED ON INFORMATION OBTAINED FROM STATE AUTHORITIES AND ON THE LAWS OF THE STATE |
TABLE MF-106 STATUS AS OF JANUARY 1, 2001 |
| NAME OF FUND OR AGENCY |
AMOUNT OF PROPORTION | OBJECTS OF EXPENDITURE | REMARKS | STATE CODE SECTION |
|---|---|---|---|---|
| Gasoline: 25.65 Cents | - | - | 20.5¢ in § 11-14-3; 4.85¢ in § 11-15A-13 | See remarks |
| Diesel: 25.65 Cents | - | - | Same as gasoline. | See remarks |
| LPG: 25.65 Cents | - | - | Same as gasoline. | See remarks |
| Gasohol: 25.65 Cents | - | - | Same as gasoline. | See remarks |
| Rates shown include a 20.5 cent fixed rate and a variable
rate (4.85 cents in 1996) determined by applying a 5 percent sales tax rate to an annually determined wholesale price (minimum 97 cents per gallon). |
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| Internal Auditing Division, Department of Tax and Revenue..... |
Amount required | Refunds, collection and administration. | All motor-fuel taxes are paid into the State Treasury and are to be used only for the purpose of construction, reconstruction, maintenance and repair of highways; interest and sinking fund payments on State bonds issued for road purposes. |
Constitution: Art. 6, Section 52 |
| Federal Aid Highway Matching Funds..... |
5 Cents | Used to match federal money available for highway purposes. |
11-14-16 | |
| State Road Fund ..... | Remainder | Distributed as follows: | Road fund also receives motor-vehicle revenues. (See Table MV-106) |
Constitution: Art. 6, Section 52 |
| Industrial Access Road Fund..... |
0.75 percent | Constructing and maintaining industrial access roads. |
At end of each fiscal year, all unused moneys in |
17-3A-1 |
| State Road Fund ..... | Remainder | Distributed as follows: | 11-14B-11, 17-3-1 | |
| 9/14 | Interest and redemption payments on State highway bonds; construction and maintenance of State expressway and trunkline highways; administrative expenses of the Department. |
11-14-15; 11-14A-13 |
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| 5/14 | Unless necessary for bond requirements, taxes collected shall be used for feeder and State and local service road purposes. |
11-14-15; 11-14A-13 |
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