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MS HB1688
Bill
Status
Failed
3/24/2010
Primary Sponsor
Dirk Dedeaux
Click for details
AI Summary
- Authorizes $258,000,000 in state general obligation bonds for highway and county road and bridge improvements, with no bonds to be issued after July 1, 2014
- Allocates bond proceeds across three special funds: $138,000,000 for the State Highway Bridge Rehabilitation Fund (deficient or functionally obsolete bridges), $80,000,000 for the Vision 21 High Priority Projects Fund, and $40,000,000 for the County Bridge and Road Safety Fund
- Increases by $42,000,000 the bonds authorized under the Economic Development Highway Act, raising the aggregate cap to $251,500,000, and expands the definition of "high economic benefit project" to include projects defined in Section 57-75-5(f)(xxi)
- Adds specific highway segments to the Vision 21 high priority projects, including the four-laning of Highway 7 from Highway 78 to Greenwood, a four-lane highway along Highway 8 from Greenwood to Grenada, and repair of U.S. Highway 61 from Leland to Vicksburg
- Requires the Mississippi Department of Transportation to transfer $5,000,000 annually into a bond sinking fund until all bonds are repaid, and prohibits any funds from being used to construct a new four-lane road or relocate any road from U.S. Highway 78 (I-22) to connect with Highway 348 near Guntown and Baldwyn
Legislative Description
Bonds; authorize issuance for state highway and county road and bridge improvements.
Last Action
Died In Conference
3/24/2010
Full Bill Text
No bill text available