SECTION 1. Section 1 of Chapter 64A of the General Laws is hereby amended in subsection (l) by striking out “21 cents per gallon” and inserting “26 cents per gallon and shall be raised one cent per calendar quarter after July 1, 2009.”

SECTION 2. Chapter 64A is hereby amended by adding the following new section:

Section 14.  Disposition of Gas Tax Monies Received

(1)  All sums received from the excise imposed on gasoline shall be credited to the new Transportation Trust Fund and shall be credited to address the following needs:

Eliminating the Central Artery / Tunnel debt  that resides on the balance sheets of the MTA and MBTA;

Preventing a further increase in Mass Turnpike tolls and ultimately the dismantling of all tolls;

MBTA operating and capital needs in order to keep fare and parking increases to no more than 3% per year;

MHD for road and bridge repair and maintenance;

DCR for road and bridge repair and maintenance; and

RTAs.