LRB-1539/1
EVM:kjf:md
2011 - 2012 LEGISLATURE
March 1, 2011 - Introduced by Senator Harsdorf, cosponsored by Representatives
Knudson, Murtha and Severson. Referred to Committee on Transportation
and Elections.
SB26,1,2
1An Act to repeal 84.016 (3); and
to amend 84.016 (2) of the statutes;
relating
2to: bonding authority for major interstate bridge projects.
Analysis by the Legislative Reference Bureau
Current law authorizes the state to contract public debt in an amount not to
exceed $225,000,000, in the form of general obligation bonds, for purposes of funding
major interstate bridge projects. A major interstate bridge project is defined to mean
"a project involving the construction or reconstruction of a bridge on the state trunk
highway system, including approaches, that crosses a river forming a boundary of
the state and for which this state's estimated cost share is at least $100,000,000."
Under current law, the Department of Transportation may not encumber or expend
any funds collected under this bonding authorization unless the state receives
federal funds that are designated by the federal government for a major interstate
bridge project and that cover at least $75,000,000 of the state's share of the project's
cost.
This bill eliminates the requirement that the state receive federal funds
covering a portion of the project's cost before expending or encumbering funds
collected under the bonding authorization.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB26, s. 1
1Section
1. 84.016 (2) of the statutes is amended to read:
SB26,2,52
84.016
(2) Notwithstanding ss. 84.013, 84.51, 84.52, 84.53, 84.555, and 84.95,
3but subject to
sub. (3) and s. 86.255, this state's share of costs for any major interstate
4bridge project, including preliminary design work for the project, may be funded only
5from the appropriations under ss. 20.395 (3) (dq), (dv), and (dx) and 20.866 (2) (ugm).
SB26, s. 2
6Section
2. 84.016 (3) of the statutes is repealed.
