An act relating to obsolete transportation accounts and funds. That Substitute Senate Bill No. 5615 be substituted therefor, and the substitute bill do pass. During the 1998 interim, the LTC Fiscal Working Group had the primary responsibility for overseeing LTC efforts with respect to performance based budgeting implementation. One of the key tenets of government performance based budgeting is flexibility for executive and legislative decision makers and department managers.
Dedicated accounts have many positive and negative attributes associated with their existence.
For example, on the positive side they usually offer a dedicated stream of revenue that can only be used for a specific purpose. Conversely, on the negative side, this binds decision makers in both the executive and legislative branches as to their ability to make investment decisions using all available resources at their disposal. During the 1998 session, legislation was introduced as the recommendation of the LTC Budget Working Group that eliminated and consolidated various transportation accounts following review during the 1997 interim. The 1998 interim LTC Fiscal Working Group continued the review of the over 40 transportation-related funds and accounts for possible elimination or consolidation. The funds and accounts from the 1998 legislation are included and expanded upon in this LTC request legislation.