The Rebuilding Oklahoma Access and Driver Safety (ROADS) Fund is a fund of the Oklahoma Department of Transportation (ODOT) that was created by the Legislature in 2005 to ensure dedicated revenue for the maintenance and repair of state highway and bridges. Until 2019, money was apportioned directly to the ROADS Fund from personal income tax collections. Under HB 1014xx, passed in 2017 special session, beginning in FY 2020, the ROADS fund receives gasoline and diesel fuel tax revenue and most motor vehicle collections previously apportioned to the General Revenue Fund; income tax collections previously going to the ROADS Fund will go to the General Revenue Fund instead.
The ROADS Fund was guaranteed an annual apportionment equal to the amount apportioned for the previous year plus an additional $59.7 million until it reached a cap of $575 million, which was hit in FY 2019. In 2020, the Legislature voted (HB 2743) to divert $180 million from the ROADS Fund to the 1017 Fund in both FY 2021 and FY 2022 to limit budget shortfalls in the midst of low energy prices and the COVID-19 pandemic. This reduced the ROADS apportionment for FY 2021 to $395 million. In 2021, the Legislature passed HB 2895 that cancelled the transfer from ROADS to the 1017 Fund for FY 2022, authorized ODOT to spend $575 million from the ROADS Fund in FY 2022, and raised the ROADS Fund cap to $590 million effective FY 2023.
Of the $590 million going to the ROADS Fund in FY 2024, $226.7M was from motor vehicle revenues, $113.7M from gas and diesel taxes, and $254.6M from the personal income tax.