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California Constitution
ARTICLE 19A  LOANS FROM THE PUBLIC TRANPORTATION ACCOUNT OR LOCAL TRANSPORTATION FUNDS


SECTION 1.  The funds in the Public Transportation Account in the
State Transportation Fund, or any successor to that account, may be
loaned to the General Fund only if one of the following conditions is
imposed:
   (a) That any amount loaned is to be repaid in full to the account
during the same fiscal year in which the loan was made, except that
repayment may be delayed until a date not more than 30 days after the
date of enactment of the budget bill for the subsequent fiscal year.

   (b) That any amount loaned is to be repaid in full to the account
within three fiscal years from the date on which the loan was made
and one of the following has occurred:
   (1) The Governor has proclaimed a state of emergency and declares
that the emergency will result in a significant negative fiscal
impact to the General Fund.
   (2) The aggregate amount of General Fund revenues for the current
fiscal year, as projected by the Governor in a report to the
Legislature in May of the current fiscal year, is less than the
aggregate amount of General Fund revenues for the previous fiscal
year, as specified in the budget submitted by the Governor pursuant
to Section 12 of Article IV in the current fiscal year.



California Constitution
ARTICLE 19A  LOANS FROM THE PUBLIC TRANPORTATION ACCOUNT OR LOCAL TRANSPORTATION FUNDS


SEC. 2.  (a) As used in this section, a "local transportation fund"
is a fund created under Section 29530 of the Government Code, or any
successor to that statute.
   (b) All local transportation funds are hereby designated trust
funds.
   (c) A local transportation fund that has been created pursuant to
law may not be abolished.
   (d) Money in a local transportation fund shall be allocated only
for the purposes authorized under Article 11 (commencing with Section
29530) of Chapter 2 of Division 3 of Title 3 of the Government Code
and Chapter 4 (commencing with Section 99200) of Part 11 of Division
10 of the Public Utilities Code, as those provisions existed on
October 1, 1997.  Neither the county nor the Legislature may
authorize the expenditure of money in a local transportation fund for
purposes other than those specified in this subdivision.




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