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 requiring 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 necessitate approval from the joint legislative capital project overview committee before advancing in the state’s 10-year transportation improvement program.

The bill is expected to have an indeterminable fiscal impact, as it could lead to a reduction in the turnpike toll credit balance by approximately $20 million annually, which would be offset by an increased use of federal funds. This shift means that while municipalities and other entities could benefit from using toll credits, it may also reduce the availability of federal funds for other projects, potentially affecting the overall funding landscape for state and municipal transportation initiatives. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 228:12-a