This bill amends RSA 228:12-a to allow the use of toll credits as a match for federal highway funds for specific projects, including those managed by municipalities, counties, and non-profits. The new legal language inserted into the current law specifies that these entities can utilize toll credits for any project eligible for assistance under Title 23, provided it is permitted by the federal government, without needing approval from the Department of Transportation or the legislature. However, any other use of toll credits will still require the approval of the joint legislative capital project overview committee before advancing in the state’s 10-year transportation improvement program.

The bill is expected to have a fiscal impact, particularly concerning the use of federal funds. Currently, federally funded municipal projects typically require a 20% local match, which amounts to approximately $20 million annually. By allowing toll credits to replace this local match, the bill could lead to a reduction in the turnpike toll credit balance by the same amount, effectively increasing the use of federal funds. This shift may reduce the availability of federal funds for other municipal or state projects, as the Department of Transportation has indicated that the change could result in a significant annual impact on funding availability.

Statutes affected:
Introduced: 228:12-a