LRB-0884/P1
ZDW:amn
2023 - 2024 LEGISLATURE
DOA:......Aslesen, BB0084 - Major interstate bridge bonding
For 2023-2025 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Transportation
Highways
Major interstate bridge bonding
Under current law, the state may contract up to $272,000,000 in public debt for DOT to fund major interstate bridge projects, which are projects involving the construction or reconstruction of a bridge on the state trunk highway system 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. This bill increases the authorized general obligation bonding limit for this purpose by $47,200,000 to $319,200,000.
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:
Section
1. 20.866 (2) (ugm) of the statutes is amended to read:
20.866 (2) (ugm) Transportation; major interstate bridge construction. From the capital improvement fund, a sum sufficient for the department of transportation to fund major interstate bridge projects under s. 84.016. The state may contract public debt in an amount not to exceed $245,000,000
$319,200,000 for this purpose. The state may contract additional public debt in an amount up to $27,000,000 for this purpose.
(End)
