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OH HB427
Bill
Status
2/4/2014
Primary Sponsor
Armond Budish
Click for details
AI Summary
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Expands the Infrastructure Fund to finance maintenance and repair of existing infrastructure, in addition to new construction projects.
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Allocates 50% of Infrastructure Fund moneys to new transportation capacity projects approved by the Ohio Turnpike and Infrastructure Commission and 50% to maintenance or repair of existing infrastructure approved by the Director of Transportation.
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Establishes new approval processes: the Commission adopts rules for approving new capacity projects submitted by the Director, and the Director adopts rules for approving maintenance/repair projects submitted by municipal corporations, counties, or townships.
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Requires infrastructure projects to be located within 75 miles of the Ohio Turnpike system and demonstrate transportation-related nexus and benefit to the state's public highway system.
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Updates the definition of "infrastructure project" to include repair and maintenance activities, and modifies the Infrastructure Fund definition to specify approval under new section 5537.18 rather than by Commission determination alone.
Legislative Description
To expand the authorized use of money in the Infrastructure Fund (derived from proceeds from Ohio Turnpike revenue bonds) to include infrastructure projects that consist of the maintenance or repair of existing infrastructure, and to modify the process for approval of infrastructure projects.
Infrastructure Fund-expand uses/modify infrastructure project approval process
Last Action
To Finance and Appropriations
2/4/2014