Introduced

SCR 14 - This concurrent resolution expresses support for issuance of bonds by the Highways and Transportation Commission to pay for construction and repair of 250 bridges on the state highway system, as selected by the Commission, not to exceed $351,000,000.

This resolution expresses approval for debt service to be paid from future appropriations by the General Assembly from the General Revenue Fund, not to exceed $30,000,000 per year, and expresses the intent to appropriate funds in the future in an amount sufficient to pay the debt service on the bonds.

The resolution authorizes and directs the Office of Administration, and other offices deemed appropriate by the Office of Administration, to assist the Commission in issuing the bonds, and to execute and deliver a financing agreement for payment of debt service on the bonds.

ERIC VANDER WEERD


Return to Main Bill Page