09SS Senate Bill 4

Senate Bill 4

Actions

Last Action	returned to Committee on Committees (S)
Title	AN ACT relating to public infrastructure authorities.
Bill Documents	Bill
Impact Statements	Local Mandate
Bill Request Number	20
Sponsors	D. Ridley, J. Rhoads, D. Boswell
Summary of Original Version	Establish KRS Chapter 175B and create new sections thereof to: provide definitions; establish the Kentucky Public Transportation Infrastructure Authority and specify membership, meeting requirements, staffing, and operations; state the purpose and powers of the authority; direct how potential projects are evaluated, proposed, and approved; establish how bi-state authorities may be created; 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 how projects shall revert to ownership of the Commonwealth when all bonds are retired; 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; repeal 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, and 181.869.
Index Headings of Original Version	Cities - Transportation infrastructure authorities, creation of Counties - Transportation infrastructure authorities, creation of Highways, Streets, and Bridges - Transportation infrastructure authorities, creation of Local Government - Transportation infrastructure authorities, creation of Transportation - Transportation infrastructure authorities, creation of Local Mandate - Transportation infrastructure authorities, creation of

06/15/09	introduced in Senate taken from Committee on Committees (S) 1st reading returned to Committee on Committees (S)
06/16/09	taken from Committee on Committees (S) 2nd reading returned to Committee on Committees (S)