LD 47 LR 188(02)
Resolve, Directing the Department of Transportation To Remove One of the Proposed Routes from Consideration for the Interstate 395 and Route 9 Connector
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Transportation
Fiscal Note Required: Yes
Fiscal Note
Potential current biennium revenue decrease - Federal Expenditures Fund
Fiscal Detail and Notes
If this bill is enacted, the Department of Transportation (DOT) may be required to reimburse the federal government for the $2,205,277 in federal funds spent on the project. This repayment would be accomplished by reducing monthly reimbursements from the federal government for other authorized projects. DOT may then be able to re-obligate this funding to another federally approved project as long as the re-obligation occurs within the same federal fiscal year. The result would be an extended period of time for the $2.2 million to be reimbursed to the Highway Fund.