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OK SB1060

Bill

Official Source

Status

Engrossed

3/9/2016

Primary Sponsor

George Faught

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Circuit engineering districts may establish financing and lease purchase agreement programs for road machinery and equipment to be used by participating counties
  • Districts are authorized to promulgate rules to develop cooperative and affordable financing arrangements and coordinate participating counties with eligible financial institutions
  • County boards of commissioners may create circuit engineering districts with other counties to cooperate on transportation services, road maintenance, construction, inspection, and equipment management
  • Effective date is November 1, 2016

Legislative Description

Circuit engineering districts; authorizing districts to establish financing agreements for multiple entities for road machinery and equipment purchase. Effective date.

Last Action

Referred to Appropriations and Budget Transportation Subcommittee

3/14/2016

Committee Referrals

Appropriations and Budget3/14/2016
General Government2/2/2016

Full Bill Text

No bill text available