AN ACT TO TRANSFER FUNDS TO THE DEPARTMENT OF TRANSPORTATION TO REIMBURSE FUNDS SPENT FOR MAP ACT CLAIMS; TO MAKE SAVINGS RESERVE FUNDS AVAILABLE TO THE DEPARTMENT OF TRANSPORTATION FOR NATIONALLY DECLARED DISASTERS; AND TO LEND FUNDS TO THE DEPARTMENT OF TRANSPORTATION FROM THE SAVINGS RESERVE TO AVOID PROJECT AND CONTRACTING DELAYS.
Creates a seven-member Commission as title indicates. Directs the Commission's study to consider multiple issues relating to aerospace and intelligent transportation. Requires the Commission, based on the study's results, to organize and implement an eVTOL Summit in the State by July 31, 2020. eVTOL stands for Electric Vertical Takeoff and Landing. Requires that the Commission report to the chairs of the Joint Legislative Transportation Oversight Committee and the Fiscal Research Division of the General Assembly by October 1, 2020.
Appropriates from the Highway Fund to the General Assembly $750,000 in nonrecurring funds for 2019-20 for the study and $500,000 in nonrecurring funds for 2019-20 to be used to implement the eVTOL Summit and administrative costs for the Commission. Funds revert and the act expires on November 1, 2020.