91st General Assembly
Summary of HB4525
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
TOLL HIGHWAY-USE OF TOLLS                                                  

Synopsis of Bill as introduced:
        Amends the Toll Highway Act.  Provides  that  revenues  generated      
   from  tolls collected on an existing segment of a toll highway may not      
   be used to pay any cost of a new segment that has not been constructed      
   as of the effective date of the new provision,  unless  toll  revenues      
   collected  on the new segment will pay for 75% of the cost of that new      
   segment within the time period  over  which  the  Authority  plans  to      
   finance the new segment's construction.                                     
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 4525 would not change the amount of authorization for any         
          type of State-issued or State-supported bond, and, therefore,        
          would not affect the level of State indebtedness.                    
          FISCAL NOTE (State Toll Highway Authority)                           
          As written, this bill will not directly impact fiscal expendi-       
          tures of the Authority. However, passage of the bill will dir-       
          ectly impact the Authority's ability to construct any new toll-      
          road extensions.                                                     
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status