Bill > HB151

This bill establishes a new mechanism for allocating state revenue surplus to fund road and bridge infrastructure projects through the Connect4Ohio program. When the state has a revenue surplus, the Director of Budget and Management will first transfer funds to the Budget Stabilization Fund, then to an Expanded Sales Tax Holiday Fund (capped at $250 million), and any remaining surplus will go to the Connect4Ohio Fund. The Connect4Ohio program, administered by the Department of Transportation, aims to create better transportation connections throughout Ohio, with a specific focus on rural counties and projects that connect multiple rural counties. The bill prioritizes completing existing corridor projects, eliminating traffic impediments, and potentially funding projects at 100% of their cost, especially in rural areas. Additionally, the bill includes provisions for potentially holding a sales tax holiday if the Expanded Sales Tax Holiday Fund reaches a certain balance, with the tax commissioner and budget director determining the duration of the holiday. The legislation also codifies the existing Connect4Ohio program and ensures that any investment earnings from the fund will be credited back to the fund itself.

Transportation and Infrastructure

https://www.legislature.ohio.gov/legislation/136/hb151