LRB-1335/P1
ZDW:kjf:rs
2015 - 2016 LEGISLATURE
DOA:......Mette, BB0460 - Increase the bonding limit for bridge projects
For 2015-2017 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 $225,000,000 in public debt for DOT to fund major interstate bridge projects. This bill increases this general obligation bonding limit to $255,000,000.
Under current law, the state may contract up to $200,000,000 for DOT to fund high-cost state highway bridge projects. This bill increases this general obligation bonding limit to $216,800,000.
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 $225,000,000
$255,000,000 for this purpose.
Section
2. 20.866 (2) (uup) of the statutes is amended to read:
20.866 (2) (uup) Transportation; southeast rehabilitation projects, southeast megaprojects, and high-cost bridge projects. From the capital improvement fund, a sum sufficient for the department of transportation to fund the Marquette interchange reconstruction project under s. 84.014, as provided under s. 84.555, the reconstruction of the I 94 north-south corridor and the zoo interchange, as provided under s. 84.555 (1m), southeast Wisconsin freeway megaprojects under s. 84.0145, as provided under s. 84.555 (1m), and high-cost state highway bridge projects under s. 84.017, as provided under s. 84.555 (1m). The state may contract public debt in an amount not to exceed $704,750,000 for these purposes. In addition, the state may contract public debt in an amount not to exceed $107,000,000 for the reconstruction of the Zoo interchange and I 94 north-south corridor, as provided under s. 84.555 (1m), as southeast Wisconsin freeway megaprojects under s. 84.0145, and in an amount not to exceed $200,000,000 $216,800,000 for high-cost state highway bridge projects under s. 84.017, as provided under s. 84.555 (1m).
(End)
