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MO HB2823
Bill
Status
3/15/2016
Primary Sponsor
Bart Korman
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AI Summary
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Creates the "Emergency Bridge Repair and Replacement Fund" in the state treasury, appropriating $100 million per year from general revenue to the Department of Transportation
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Restricts fund usage to accelerated replacements or immediate repairs of state-maintained bridges on state or interstate highways that are in critical disrepair
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Designates the Director of the Department of Transportation as fund administrator and the State Treasurer as custodian with disbursement authority
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Establishes the fund as a dedicated fund where remaining moneys do not revert to general revenue at the end of the biennium
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Requires the State Treasurer to invest fund moneys, with all interest and earnings credited back to the fund
Legislative Description
Creates the Emergency Bridge Repair and Replacement Fund
Last Action
Referred: Transportation(H)
4/14/2016