ID S1162

Approves bonding authority for the Idaho Housing and Finance Association to issue highway transportation (GARVEE) bonds up to $300,000,000 to finance projects listed in Idaho Code Section 40-315, with repayment from federal highway funds.

Directs the Idaho Transportation Board and Department to neither increase the scope nor extend or enlarge the transportation projects financed with bond proceeds.

Requires any GARVEE program management services agreements to be fully transparent to the public and Legislature to the extent possible.

Allows design-build contracting for bonded projects with the ability to raise the required percentage from twenty percent to fifty percent under Idaho Code Section 40-904.

Removes one eligible project (SH-16 Ext South Emmett to Mesa with connection to SH-55) from the list of projects that may be financed with GARVEE bonds while keeping 12 other projects eligible.