Proposes constitutional amendment to require voter approval of dedicated revenue source for certain bonded indebtedness for State transportation system.

This bill proposes a constitutional amendment requiring New Jersey voters to approve any dedicated revenue source before the state or transportation authorities can issue bonds for transportation projects. It would apply specifically to funding for roads, bridges, transit systems, and related infrastructure (planning, construction, repair, etc.). The state would need to identify a specific revenue source (like a tax or fee) and secure voter approval at a general election prior to borrowing. This requirement would not apply to refinancing existing debt or emergencies, but would affect all future transportation bond issuances.