2019 - 2020 LEGISLATURE
DOA:......Aslesen, BB0423 - Increase in transportation fund supported bonding for the harbor assistance program
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...;
relating to: the budget.
Analysis by the Legislative Reference Bureau
1. Harbor assistance program bonding
Under current law, the state may contract up to $120,000,000 in public debt for DOT to provide grants for harbor improvements. This bill increases the authorized general obligation bonding limit to $159,000,000 for this purpose.
For further information see the state and local 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:
1. 20.866 (2) (uv) of the statutes is amended to read:
20.866 (2) (uv) Transportation, harbor improvements. From the capital improvement fund, a sum sufficient for the department of transportation to provide grants for harbor improvements. The state may contract public debt in an amount not to exceed $120,000,000 $159,000,000 for this purpose.