HB 689/FN/LM (BR 475) - D. Pasley, H. Moberly Jr., R. Adkins, L. Clark, K. Hall, C. Hoffman, J. Richards, T. Thompson, R. Wilkey
AN ACT relating to public infrastructure authorities.
Establish KRS Chapter 175B and create 20 new sections thereof to: Provide definitions; establish the Kentucky Public Transportation Infrastructure Authority, specify membership, meeting requirements, staffing, and operations; state the purpose and powers of the authority; direct authority to evaluate potential projects, require that projects be proposed by a local government and approved by the department; permit tolling, establish requirements for level of tolling, direct how proceeds of tolls and other revenues shall be used; permit authority to contract with the department for construction and operations, specify that the authority shall maintain control of projects and revenues from projects; authorize projects constructed by the authority to include interchanges with existing roadways; permit authority to issue administrative regulations, permit public utilities to utilize rights of way under specific circumstances; permit agreements for use of real estate assets of the authority by the Commonwealth; authorize issuance of bonds; state that bonds are not a debt of the Commonwealth; permit incidental use of rights of way for specified purposes; authorize trust relationships; authorize state agencies and localities to invest in bonds; exempt bonds from state taxation; allow authority to contract for provision of maintenance services; direct that projects shall revert to ownership by the Commonwealth when all bonds are retired; require issuance of an annual report, require an annual audit; prohibit officers and employees from directly investing in authority bonds; indemnify board members and employees from personal liability; authorize previous planning and other work to become a part of the function of the authority; amend KRS 176.420 to require the activity of the authority to be evaluated as a part of the six-year road plan; repeal the following sections: KRS 181.850, 181.851, 181.852, 181.853, 181.854, 181.855, 181.856, 181.857, 181.858, 181.859, 181.860, 181.861, 181.862, 181.863, 181.864, 181.865, 181.866, 181.867, 181.868, 181.869.
HB 689 - AMENDMENTS
HFA (1, S. Brinkman) - Require that at least 50% of funding for public infrastructure projects be from the Road Fund.
HFA (2, S. Brinkman) - Delete the requirement that tolls shall be transferred to the Road Fund when project bonds are retired.
HFA (3, S. Brinkman) - Increase membership in the authority to 12, and include a revolving member from local governments; require an agreement specifying operating parameters before the project moves forward; make technical corrections.
Feb 29-introduced in House
Mar 3-to Appropriations & Revenue (H)
Mar 4-posting waived
Mar 5-floor amendments (1) and (2) filed ; reported favorably, 1st reading, to Calendar
Mar 6-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, March 7, 2008
Mar 11-floor amendment (3) filed
Mar 13-3rd reading, passed 84-13 with floor amendment (3)
Mar 14-received in Senate
Mar 18-to Transportation (S)