| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the Turnpike Authority of Kentucky. |
| Bill Documents |
Bill
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| Bill Request Number | 1038 |
| Sponsor | D. Pasley |
| Summary of Original Version | Amend KRS 175.410, regarding the Turnpike Authority of Kentucky, to provide definitions; amend KRS 175.420 and 175.425 to declare the legislative intent of the mission of the authority; amend KRS 175.430 to specify membership, meeting requirements, staffing, and operations; amend KRS 175.450 to state the purpose and powers of the authority; create a new section of KRS Chapter 175 to direct the authority to evaluate potential projects; require that projects be proposed by a local government and approved by the department; amend KRS 175.470 to permit authority to contract with the department for construction and operations; specify that the authority shall maintain control of projects and revenues from projects; amend KRS 175.490 to authorize projects constructed by the authority to include interchanges with existing roadways; permit the 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; create a new section of KRS Chapter 175 to authorize issuance of bonds; amend KRS 175.510 to state that bonds are not a debt of the Commonwealth; create a new section of KRS Chapter 175 to permit tolling; establish requirements for level of tolling; direct how proceeds of tolls and other revenues shall be used; Amend KRS 175.530 to authorize trust relationships; amend KRS 175.540 to clarify that funds received by the Authority under this chapter are trust funds to be used under the provisions of the chapter; amend KRS 175.560 to exempt bonds from state taxation; amend KRS 175.570 to authorize state agencies and localities to invest in bonds; amend KRS 175.580 to allow authority to contract for provision of maintenance services and obtain property under the Eminent Domain Act; amend KRS 175.610 to direct that projects shall revert to ownership by the Commonwealth when all bonds are retired; create new sections of KRS Chapter 175 to require issuance of an annual report and 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; amend KRS 11.400 and 42.409 to conform; repeal KRS 175.440, 175.460,175.500, 175.505, 175.520, 175.590, 175.605, 175.620, 175.630, 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 |
Bonds, Public - Turnpike Authority of Kentucky, authority to issue Eminent Domain and Condemnation - Turnpike Authority of Kentucky, powers of Highways, Streets, and Bridges - Turnpike Authority of Kentucky, responsibility for highway mega-projects Public Works - Turnpike Authority of Kentucky, responsibility for highway mega-projects State Agencies - Turnpike Authority of Kentucky, omnibus revision Transportation - Turnpike Authority, responsibility for highway mega-projects |
| 02/23/09 |
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| 02/24/09 |
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Last updated: 8/28/2019 8:17 AM (EDT)