Bill > HF2760

This bill appropriates $100 million from the state transportation fund's bond proceeds account for: (1) construction and reconstruction of local roads with statewide or regional significance, prioritizing projects that will expand the state's ten-ton road system; and (2) grants to assist counties with the costs of rural road safety capital improvement projects on county state-aid highways. It also appropriates $100 million from the same account to match federal money and replace or rehabilitate local deficient bridges. The bill authorizes the commissioner of management and budget to sell and issue up to $200 million in state bonds to provide the appropriated funds, and the act becomes effective upon final enactment.