The bill amends sections 39-2805 and 66-4,100 of the Revised Statutes Cumulative Supplement, 2024, to enhance the County Bridge Match Program and modify the funding mechanisms associated with it. It establishes the County Bridge Match Working Group, which will be responsible for developing the program, setting participation criteria, and awarding funds. Notably, the working group is mandated to award at least four million dollars to applicants each fiscal year under the program. The bill also specifies that the program will terminate on June 30, 2029.
Additionally, the bill modifies the provisions related to the Highway Cash Fund and the Roads Operations Cash Fund. It allows for the transfer of funds between these two funds and outlines specific uses for the funds, including support for the County Bridge Match Program. The State Treasurer is directed to transfer five million dollars from the Roads Operations Cash Fund to the Transportation Infrastructure Bank Fund by June 30, 2026, and again by June 30, 2027, for the same purpose. The bill also eliminates obsolete provisions and repeals the original sections of the statutes being amended.
Statutes affected: Introduced: 39-2805