SB18-001
by Senator(s) Baumgardner and Cooke; also Representative(s) Buck--Concerning
transportation infrastructure funding, and, in connection therewith, requiring the
transportation commission to submit a ballot question to the voters of the state at the
November 2018 general election, which, if approved, would authorize the state, with no
increase in any taxes, to issue additional transportation revenue anticipation notes for the
purpose of addressing critical priority transportation needs in the state by funding
transportation projects; would exclude note proceeds and investment earnings on note
proceeds from state fiscal year spending limits; would repeal an existing requirement that
the state treasurer execute lease-purchase agreements for the purpose of funding
transportation projects; and would require ten percent of state sales and use tax net revenue
to be credited to the state highway fund for the purpose of repaying any notes issued and
funding transportation projects.
(Transportation recommends the bill be amended as printed in Senate Journal, January 24,
2018.)
(Appropriations recommends the bill be amended as printed in Senate Journal, March 7,
2018.)
Bills being heard: |
SB18-001 Transportation Infrastructure Funding
|