LRB-1167/2
EVM:kjf:rs
2011 - 2012 LEGISLATURE
DOA:......Byrnes, BB0249 - State highway rehabilitation project bonding authority
For 2011-13 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
transportation
Highways
Under current law, the state may contract up to $504,712,200 in public debt to fund state highway rehabilitation projects. This bill increases this authorized general obligation bonding limit by $115,351,500.
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) (uur) of the statutes is amended to read:
20.866 (2) (uur) Transportation; state highway rehabilitation projects. From the capital improvement fund, a sum sufficient for the department of transportation to fund state highway rehabilitation projects, as provided under s. 84.95. The state may contract public debt in an amount not to exceed $250,000,000 for this purpose. In addition, the state may contract public debt in an amount not to exceed $50 million for this purpose. In addition, the state may contract public debt in an amount not to exceed $204,712,200 for this purpose. In addition, the state may contract public debt in an amount not to exceed $115,351,500 for this purpose.
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