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SB 7/LM (BR 244) - D. Williams, D. Roeding
AN ACT relating to public infrastructure authorities.
Establish KRS Chapter 175B a create new section thereof to define terms relating to public infrastructure authorities; create a new section of KRS 175B to outline the process by which a public infrastructure authority is requested, established, confirmed by the General Assembly, and governing the membership, appointing authorities, terms, procedures for election of officers of an authority; create new sections of KRS 175B to outline both general and specific powers of a public infrastructure authority; create a new section of KRS 175B to allow a public infrastructure authority to enter into leases for projects constructed under the chapter and set forth the general provisions of such a lease agreement; create a new section of KRS 175B to allow public infrastructure authorities to create grade separations, move the location or grades of roads, or move or relocate public utility facilities affected by the construction of a project under this chapter; create a new section of KRS 175B to allow a public infrastructure authority to issue bonds for financing a project under this chapter, set forth the procedures under which bonds may be issued; create a new section of KRS 175B to allow a public infrastructure authority the same ability as is granted the Department of Highways to enter into a partnership with a private entity to construct or operate a project under this chapter; create a new section of KRS 175B to allow an authority to place tolls on a project and set out procedures for collection and distribution of tolls; create a new section of KRS 175B to exempt authorities of taxation and make bonds of the authority tax exempt; create a new section of KRS 175B to declare that bonds of the authority are securities; create a new section of KRS 175B to set forth general provisions for the operation of a project, allow an authority to accept grants of land or other real property from political subdivisions of the state, and require annual reporting of the activities of the authority; create a new section of KRS 175B to obtain land in accordance with the Eminent Domain Act of Kentucky to construct projects; create a new section of KRS 175B to clarify that an authority created for a project for which work has already been done shall be bound by existing agreements, records of decision, and contracts entered into by the Commonwealth; repeal KRS 181.050, 189.051, 189.052, 189.053, 189.054, 189.055, 189.056, 189.057, 189.058, 189.059, 189.060, 189.061, 189.062, 189.063, 189.064, 189.065, 189.066, 189.067, 189.068, and 189.069.
SB 7 - AMENDMENTS
SFA (1, T. Shaughnessy) - Set membership of an authority at eight members, four appointed by governor and four appointed by the local chief executive; set quorum of an authority at six members and require six votes for authority action; rotate the chair and vice chair positions annually between local and gubernatorial appointees.
SFA (2, T. Shaughnessy) - Allow infrastructure authorities tolling authority only on new construction; require removal of tolls within 30 days of the bonds being retired.
SFA (3, T. Shaughnessy) - Require, rather than allow, infrastructure authorities to lease facilities back to the state; require audits to be conducted by the Auditor of Public Accounts in accordance with KRS 64.810.
SFA (4, T. Shaughnessy) - Require the Transportation Cabinet and the Department of Revenue to jointly study the current structure of the road fund and its ability to meet transportation funding needs; require report to the LRC by 12/31/08.
(Prefiled by the sponsor(s).)
Oct 3-To: Interim Joint Committee on Appropriations and Revenue
Jan 8-introduced in Senate; to Transportation (S)
Feb 4-floor amendments (1) (2) (3) and (4) filed
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