The proposition prohibits certain motor vehicle fuel sales and use taxes, that are earmarked for the Transportation Investment Fund, from being retained in the General Fund. Such taxes may be retained if the
Governor issues a proclamation, a special statute is enacted by a 2/3 vote of the Legislature, repayment occurs within three years, and certain other conditions are met. The proposition also requires repayment by June 30, 2017 of such vehicle fuel taxes retained in General Fund from July 1, 2003 to June 30, 2008. Currently, repayment is generally required by June 30, 2016. It also changes how and when General Fund borrowing of certain transportation funds is allowed. == Fiscal impacts ==