SB0220 Summary

• Establishes the state trunk line fund in the state treasury as a separate fund to be appropriated to the department for specific priorities including debt service payments, operating expenses, highway preservation, and infrastructure improvements.

• Requires the department to expend at least 90% of annual state revenue appropriated to the state trunk line fund for highway preservation and debt service on bonds issued after July 1, 1983.

• Authorizes the department to enter into agreements with local road agencies and private sector companies to perform work on highways, and requires the department to solicit competitive bids from local road agencies for work on state trunk line highways within their jurisdiction.

• Permits the department to loan money to local road agencies from bond proceeds or the state trunk line fund for capital costs of transportation purposes, with loans repayable within 15 years from available revenue sources.

• Requires the department to secure pavement warranties for projects exceeding $1,000,000.00 and to prepare annual reports listing all warranties secured and pavement projects where warranties were not obtained.