Last Action | to Transportation (S) |
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Title | AN ACT relating to public infrastructure authorities. |
Bill Documents |
Bill
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Impact Statements |
Fiscal Note
Local Mandate |
Bill Request Number | 475 |
Sponsors | D. Pasley, H. Moberly Jr., R. Adkins, L. Clark, K. Hall, C. Hoffman, J. Richards, T. Thompson, R. Wilkey |
Summary of Original Version | Establish KRS Chapter 175B and create 20 new sections thereof to: Provide definitions; establish the Kentucky Public Transportation Infrastructure Authority, specify membership, meeting requirements, staffing, and operations; state the purpose and powers of the authority; direct authority to evaluate potential projects, require that projects be proposed by a local government and approved by the department; permit tolling, establish requirements for level of tolling, direct how proceeds of tolls and other revenues shall be used; permit authority to contract with the department for construction and operations, specify that the authority shall maintain control of projects and revenues from projects; authorize projects constructed by the authority to include interchanges with existing roadways; permit authority to issue administrative regulations, permit public utilities to utilize rights of way under specific circumstances; permit agreements for use of real estate assets of the authority by the Commonwealth; authorize issuance of bonds; state that bonds are not a debt of the Commonwealth; permit incidental use of rights of way for specified purposes; authorize trust relationships; authorize state agencies and localities to invest in bonds; exempt bonds from state taxation; allow authority to contract for provision of maintenance services; direct that projects shall revert to ownership by the Commonwealth when all bonds are retired; require issuance of an annual report, require an annual audit; prohibit officers and employees from directly investing in authority bonds; indemnify board members and employees from personal liability; authorize previous planning and other work to become a part of the function of the authority; amend KRS 176.420 to require the activity of the authority to be evaluated as a part of the six-year road plan; repeal the following sections: KRS 181.850, 181.851, 181.852, 181.853, 181.854, 181.855, 181.856, 181.857, 181.858, 181.859, 181.860, 181.861, 181.862, 181.863, 181.864, 181.865, 181.866, 181.867, 181.868, 181.869. |
Index Headings of Original Version |
Fiscal Note - Exempt bonds, for public infrastructure authority Bonds, Public - Public Infrastructure, transportation projects Highways, Streets, and Bridges - Public Infrastructure Authority, use to construct major projects Public Authorities - Infrastructure, for construction of major transportation projects Taxation - Exempt bonds, for public infrastructure authority Local Mandate - Exempt bonds, for public infrastructure authority |
Proposed Amendments |
House Floor Amendment 1 House Floor Amendment 2 House Floor Amendment 3 |
Votes | Vote History |
02/29/08 |
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03/03/08 |
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03/04/08 |
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03/05/08 |
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03/06/08 |
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03/11/08 |
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03/13/08 |
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03/14/08 |
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03/18/08 |
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Amendment | House Floor Amendment 1 |
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Sponsor | S. Brinkman |
Summary | Require that at least 50% of funding for public infrastructure projects be from the Road Fund. |
Index Headings |
Fiscal Note - Exempt bonds, for public infrastructure authority Bonds, Public - Public Infrastructure, transportation projects Highways, Streets, and Bridges - Public Infrastructure Authority, use to construct major projects Public Authorities - Infrastructure, for construction of major transportation projects Taxation - Exempt bonds, for public infrastructure authority Local Mandate - Exempt bonds, for public infrastructure authority |
Amendment | House Floor Amendment 2 |
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Sponsor | S. Brinkman |
Summary | Delete the requirement that tolls shall be transferred to the Road Fund when project bonds are retired. |
Index Headings |
Fiscal Note - Exempt bonds, for public infrastructure authority Bonds, Public - Public Infrastructure, transportation projects Highways, Streets, and Bridges - Public Infrastructure Authority, use to construct major projects Public Authorities - Infrastructure, for construction of major transportation projects Taxation - Exempt bonds, for public infrastructure authority Local Mandate - Exempt bonds, for public infrastructure authority |
Amendment | House Floor Amendment 3 |
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Sponsor | S. Brinkman |
Summary | Increase membership in the authority to 12, and include a revolving member from local governments; require an agreement specifying operating parameters before the project moves forward; make technical corrections. |
Index Headings |
Fiscal Note - Exempt bonds, for public infrastructure authority Bonds, Public - Public Infrastructure, transportation projects Highways, Streets, and Bridges - Public Infrastructure Authority, use to construct major projects Public Authorities - Infrastructure, for construction of major transportation projects Taxation - Exempt bonds, for public infrastructure authority Local Mandate - Exempt bonds, for public infrastructure authority |
Last updated: 8/28/2019 8:09 AM (EDT)