Also included in this group are funds that receive interagency grants. The Income Tax Reduction Fund is one of the many funds in this group. The Higher Education Improvement Budget Fund Group consists of the Higher Education Improvement Fund that receives proceeds from general obligation debt issuances. Expenditures are made for improvements to state-assisted higher education facilities. The Highway Capital Improvement Budget Fund Group consists of the Highway Capital Improvement Fund that receives proceeds from general obligation debt issuances.
Expenditures are for capital improvements to highways.
The Highway Obligations Construction Budget Fund Group consists of the Highway Obligations Construction Fund that receives proceeds from general obligation debt issuances. Expenditures are made for highway construction projects. The Highway Operating Budget Fund Group consists of transportation-related funds that receive motor vehicle fuel taxes and highway use taxes. Expenditures are made primarily for the maintenance and expansion of the highway system. The Highway Safety Building Budget Fund Group consists of the Highway Safety Building Fund that receives proceeds from special obligation debt issuances.