BRIDGE PROJECT FUNDING S.B. 98 (S-2): FLOOR ANALYSIS
Senate Bill 98 (Substitute S-2 as reported)
Sponsor: Senator Jud Gilbert, II
Committee: Transportation
CONTENT
The bill would amend Public Act 51 of 1951, the Michigan Transportation Fund law, to do the following:
-- Require the regional bridge councils to determine what bridge projects were selected for funding from the Local Bridge Fund and make a list available to interested parties.
-- Allow a county road commission, city, or village to implement a bridge project if it was selected for funding and was included in the regional bridge council's current multiyear bridge plan for the local bridge program, but the regional bridge council had not allocated funds to the project for the year it was on the multiyear bridge plan.
-- Allow a road commission, city, or village to borrow funds to implement the project, and to use funding allocated for that project in a subsequent fiscal year to repay the amount approved when the funds were borrowed.
(The Act establishes the Local Bridge Fund to provide financial assistance to highway authorities for the preservation, improvement, or reconstruction of existing bridges or the construction of bridges to replace existing bridges. Between 5% and 15% of the money in the Fund may be used for critical repair of large bridges and emergencies, as determined by the Local Bridge Advisory Board. Remaining funds must be distributed to the regional bridge councils (which the Act creates for each Michigan Department of Transportation region in the State).)
MCL 247.660 Legislative Analyst: Curtis Walker
FISCAL IMPACT
The bill would have no fiscal impact on State government.
The bill would allow county road commissions, cities, and counties to borrow money under certain conditions to implement local bridge projects. Local units choosing to do so would see an increase in debt service expenditures unless the projects were funded through the Local Bridge Fund in subsequent years.
Date Completed: 5-2-07 Fiscal Analyst: Debra Hollon
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb98/0708