House Bill 353

Actions
Last Action 02/05/20: posted in committee
Title AN ACT relating to appropriations providing financing and conditions for the operations, maintenance, support, and functioning of the Transportation Cabinet of the Commonwealth of Kentucky.
Bill Documents Introduced
Bill Request Number 1071
Sponsors S. Rudy, S. Santoro
Summary of Original Version The Transportation Cabinet Budget: appropriate from the General Fund, Restricted Funds, Federal Funds, and Road Fund $4,265,500 in fiscal year 2019-2020, $2,430,720,400 in fiscal year 2020-2021, and $2,393,284,000 in fiscal year 2021-2022 for operating costs; appropriate from Road Fund and Investment Income for various capital projects; require the Secretary of the Transportation Cabinet to produce a document detailing the 2020-2022 Biennial Highway Construction Program and the Highway Preconstruction Program; provide debt service to the General Administration and Support budget unit; allow the Transportation Cabinet to receive funds and services for the Adopt-A-Highway Litter Program; provide funds for Aviation's operational costs; provide debt service to the Aviation budget unit; provide funds for Economic Development Road lease-rental payments; provide that no portion of the revenues to the state Road Fund accrue to the Debt Payment Acceleration Fund account; provide debt service for Grant Anticipation Revenue Vehicle (GARVEE) Bonds; provide funds for the State-Supported Construction Program, Biennial Highway Construction Program, Highway Construction Contingency Account, and the Kentucky Pride Fund; authorize projects in the 2018-2020 Biennial Highway Construction Plan to continue into the 2020-2022 biennium; authorize the Transportation Cabinet to match federal highway moneys; prioritize projects should any additional federal highway moneys become available; authorize the Transportation Cabinet to continue the Cash Management Plan and to make programmatic adjustments; provide for carry forward of any unexpended Road Fund appropriations in the Highways budget unit for various programs; provide for the transfer of Road Fund resources for judgments; authorize the Transportation Cabinet to maximize the use of Toll Credits; provide funds for the County Road Aid Program, the Rural Secondary Program, the Municipal Road Aid Program, and the Energy Recovery Road Fund; stipulate that each County Judge/Executive not serving in a consolidated local government shall receive an annual expense allowance of $2,400 to be paid quarterly from the Rural Secondary Program; provide debt service to the Vehicle Regulation budget unit; provide for Capital Construction Fund appropriations and reauthorizations; provide for the expiration of existing line-item capital construction projects; allow investment income earned from bond proceeds beyond that which is required to satisfy IRS arbitrage rebates and penalties and excess bond proceeds upon the completion of a bond-financed capital project to be used to pay debt service; allow for appropriations for projects not line-itemized; authorize various capital projects; specify funds transfers.
Index Headings of Original Version Governor - Transportation Cabinet Budget
Highways, Streets, and Bridges - Transportation Cabinet Budget
State Agencies - Transportation Cabinet Budget
Transportation - Transportation Cabinet Budget
Appropriations - Transportation Cabinet Budget
Budget and Financial Administration - Transportation Cabinet Budget
Capital Construction - Transportation Cabinet Budget

Actions

Top
01/28/20
  • introduced in House
01/29/20
  • to Appropriations & Revenue (H)
02/05/20
  • posted in committee


Last updated: 2/14/2020 1:51 PM (EST)
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