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2001 SESSION
HB 1966 Urban system highway funds; use for debt on bonds.
Introduced by: Leo C. Wardrup, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Urban system highway funds. Authorizes cities and towns to use up to one-third of their allocation of urban system highway funds for debt service on bonds or costs to be incurred on approved urban projects. Under current law, one-third of the urban system highway funds allocated to a city or town may be used to reimburse the city or town for debt service and costs already paid.
SUMMARY AS PASSED HOUSE:
Urban system highway funds. Authorizes cities and towns to use up to one-third of their allocation of urban system highway funds for debt service on bonds or costs to be incurred on approved urban projects. Under current law one-third of the urban system highway funds allocated to a city or town may be used to reimburse the city or town for debt service and costs already paid.
SUMMARY AS INTRODUCED:
Urban system highway funds. Authorizes cities and towns to use up to one-third of their allocation of urban system highway funds for debt service on bonds or costs to be incurred on approved urban projects. Under current law one-third of the urban system highway funds allocated to a city or town may be used to reimburse the city or town for debt service and costs already paid.