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AB-604 Road Maintenance and Rehabilitation Account: apportionment of funds: accrued interest. (2021-2022)

Senate:
1st
Cmt
2nd
3rd
Pass
Assembly:
1st
Cmt
2nd
3rd
Pass
Pass
Veto
Bill Status
AB-604
Daly (A)
-
-
Road Maintenance and Rehabilitation Account: apportionment of funds: accrued interest.
03/14/21
An act to amend Sections 2031 and 2032.5 of, and to add Section 2031.3 to, the Streets and Highways Code, relating to transportation, and making an appropriation therefor.
Assembly
09/08/21

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
09/22/21 Vetoed by Governor.
09/10/21 Enrolled and presented to the Governor at 4 p.m.
09/03/21 In Assembly. Ordered to Engrossing and Enrolling.
09/03/21 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0.).
08/31/21 Ordered to special consent calendar.
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 604 without my signature.

This bill would continuously appropriate interest earnings from revenues deposited in the Road Maintenance and Rehabilitation Account (RMRA) to the California Department of Transportation (Caltrans) for maintenance of the state highway system or for purposes of the State Highway Operation and Protection Program (SHOPP).

Interest earnings from the RMRA, including accumulated revenue and future earnings, have already been appropriated in the 2021 Budget Act through 2028.

I look forward to re-engaging with the Legislature to finalize and pass a comprehensive transportation package early next year that invests in a wide variety of critically-necessary projects including high speed rail, connectivity projects in advance of the 2028 Los Angeles Olympics, road and bridge repair, and a variety of other rail system improvements.

That comprehensive package, and the corresponding budget process, would be the appropriate venue to consider any continuous appropriation of RMRA interest earnings, such as that proposed in this bill.

Sincerely,





Gavin Newsom