The proposed bill would amend current statutes related to transportation funding in Arizona. Specifically, it would require the Arizona Department of Transportation (ADOT) to allocate and transfer $2.5 million from the Highway User Revenue Fund to the State Match Advantage for Rural Transportation Fund by June 15 of each fiscal year. Additionally, the bill would repeal the existing requirement for ADOT to allocate $1 million to the Economic Strength Project Fund and would also repeal the Economic Strength Project Fund itself, effective July 1, 2035.

Furthermore, the bill includes technical and conforming changes to existing statutes, such as amending section 28-339 and repealing sections 28-6534 and 28-7282. It clarifies the eligibility requirements for entities seeking federal grants and establishes that the board may assess an applicant's capacity to complete projects. Overall, these updates aim to streamline funding processes and enhance the effectiveness of transportation initiatives in the state.

Statutes affected:
Introduced Version: 28-339, 28-6534, 28-7282, 35-313, 28-6951
Senate Engrossed Version: 28-339, 28-6534, 28-7282, 35-313, 28-6951