LRB-0967/P1
ZDW:kjf:rs
2015 - 2016 LEGISLATURE
DOA:......Mette, BB0312 - Transportation economic assistance modifications
For 2015-2017 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Transportation
Transportation aids
Under current law, DOT administers a transportation facilities economic assistance and development (TEA) program. Under the program, DOT may award a grant to a political subdivision to provide up to 50 percent of the cost of improvements to transportation facilities, if the political subdivision provides at least 50 percent of the cost of the improvement. This bill increases the state share of the cost of an improvement project to 80 percent of the total project cost and reduces the local share to 20 percent of the total project cost.
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:
Section
1. 84.185 (2) (b) 5. of the statutes is amended to read:
84.185 (2) (b) 5. Whether the political subdivision will contribute, from funds not provided by this state, not less than 50% 20 percent of the cost of the improvement.
Section
2. 84.185 (3) (a) 1. of the statutes is amended to read:
84.185 (3) (a) 1. 50% Eighty percent of the anticipated cost of the improvement.
Section
3. 84.185 (3) (b) 3. a. of the statutes is amended to read:
84.185 (3) (b) 3. a. The grant ceiling determined under par. (a) is based on 50% 80 percent of the anticipated cost of the improvement and would result in a grant exceeding $1 million.
Section
4. 84.185 (6m) of the statutes is amended to read:
84.185 (6m) Administration. From the appropriations under s. 20.395 (2) (iq), (iv) and (ix), upon the approval of the secretary under sub. (2), the department may make improvements to or provide other assistance for the improvement of a transportation facility under sub. (1) (d) 1. to 3. or provide other assistance for the improvement of a transportation facility under sub. (1) (d) 4. or 5. The department may make loans from the appropriations under s. 20.395 (2) (iq) and (iw) for the improvement of a transportation facility. The state share of costs for the improvement of a transportation facility, including any loans made under this subsection for the improvement of the transportation facility, may not exceed 50% 80 percent of the cost of the improvement.
(End)
