HB 2758 Summary

• Creates the Preserving and Advancing County Transportation Fund (PACT Fund) as a revolving fund in the State Treasury to receive gross production tax apportionments starting July 1, 2025

• Allocates two-thirds of PACT Fund revenues to counties to increase per-mile highway construction and maintenance funding to a target of $4,000 per county road mile, with remaining amounts split equally between road miles and county bridges

• Allocates one-third of PACT Fund revenues for county bridge reconstruction projects on major collector routes, subject to Department of Transportation evaluation and approval based on structural adequacy, safety, and innovation criteria

• Modifies gross production tax apportionment beginning July 1, 2025, directing 40% of the 5% natural gas tax to PACT Fund (capped at $75 million annually), with excess amounts going to General Revenue Fund

• Effective July 1, 2025, with emergency clause allowing immediate effect upon passage and approval