S11622017 Regular Session
Adds to and amends existing law to authorize GARVEE bonding to finance highway transportation projects.
HIGHWAYS -- Adds to and amends existing law to authorize GARVEE bonding to finance highway transportation projects.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This legislation approves bonding authority to issue highway transportation (GARVEE) bonds by the Idaho Housing and Finance Association in a principal amount sufficient to finance the highway transportation projects listed in the legislation (page 2) in an amount up to $300,000,000. Such bonds are expected to be paid from the State Highway Account as provided in Idaho Code § 40-707. Project selection shall be the sole responsibility and duty of the Idaho Transportation Board. Allocation of GARVEE bond proceeds shall be the sole responsibility and duty of the Idaho Transportation Board.
LATEST ACTION
Recommitted to Transportation
BILL INFO
- Session
- 2017
- Chamber
- senate
- Status date
- Mar 13, 2017
RELATED BILLS
Similar bills
H0251Amends existing law to revise the definition of “maintenance”.S1163Adds to and amends existing law to provide GARVEE bonding authority and general bonding authority for highway construction; extends the surplus eliminator from 2015 for 5 years; provides moneys from the Sales Tax Account for bond debt service and for funding the Idaho State Police; and provides for a sales tax exemption for materials actually used on public roads.S1184Adds to and amends existing law to provide GARVEE bonding authority and general bonding authority for highway construction; extends the surplus eliminator from 2015 for 5 years; provides moneys from the Sales Tax Account for bond debt service and for funding the Idaho State Police; and provides for a sales tax exemption for certain materials used on public roads.S1188Adds to and amends existing law to provide GARVEE bonding authority and general bonding authority for highway construction; extends the surplus eliminator from 2015 for 5 years; provides moneys from the Sales Tax Account for bond debt service and for funding the Idaho State Police; and provides for a sales tax exemption for certain materials used on public roads.