HUTF

AcronymDefinition
HUTFHighway Users Tax Fund (Colorado Department of Revenue)
HUTFHydrocarbon Upgrading Task Force (Canada)
References in periodicals archive ?
0% of gross general fund revenues may be transferred to the HUTF contingent upon the magnitude of annual state-wide personal income growth and the level of Taxpayer Bill of Rights refunds as a percentage of general fund revenue.
CDOT's TRANs have a secondary pledge of state matching funds, derived from HUTF revenues and general fund transfers, which provides an offset to federal reauthorization risk.
State matching funds, primarily consists of HUTF revenues are principally received from motor fuel taxes and vehicle registration fees.
In exchange, SB 09-228 provided that up to 2% of gross general fund revenues to be transferred to the HUTF contingent upon the magnitude of statewide personal income growth and the level of Taxpayer Bill of Rights (TABOR) refunds as a percentage of general fund revenue.
The TRANs are special, limited obligations of CDOT payable solely from the trust estate, consisting of federal transportation and state matching funds, consisting of HUTF revenues and general fund transfers.
These funds are derived from HUTF revenues and general fund transfers.
In exchange, SB 09-228 provided that up to 2% of gross general fund revenues be transferred to the HUTF contingent upon the magnitude of statewide personal income growth and the level of Taxpayer Bill of Rights (TABOR) refunds as a percentage of general fund revenue.
Consequently, the level of transfer was sharply reduced in fiscal 2002 (to $35 million instead of the $215 million anticipated, and down from $197 million in fiscal 2001 which equated to 12% of HUTF revenues), and with the state's resolution of a projected general fund shortfall approximating $1 billion, no transfers are expected in fiscal 2003 and are not anticipated to resume until fiscal 2006.
With inclusion of HUTF moneys, coverage is approximately 4.