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 bill specifies that these entities can utilize toll credits for any project eligible for assistance under Title 23, without needing approval from the Department of Transportation or the legislature, provided it is permitted by the federal government. 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% municipal match, which amounts to approximately $20 million annually. By allowing toll credits to replace this municipal 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 while potentially limiting the availability of these funds for other municipal or state projects. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 228:12-a