|Committee: Transportation and Energy||Sponsor: Dial|
|Analyst: John Friedenreich||Date: 01/18/2018|
Senate Bill 86 as amended and reported by the Committee on Transportation and Energy creates the 5-member Alabama Road and Bridge Rehabilitation and Improvement Authority to establish a local and state program for road and bridge infrastructure, and to issue bonds in a total principal amount not to exceed $2.45 billion, to be secured by a pledge of any new levy of gasoline and diesel fuel excise taxes, of which $1.25 billion will be used to finance county and municipal rehabilitation and improvement projects, and the remainder for state rehabilitation and improvement projects. This bill permanently establishes the Alabama Transportation Rehabilitation and Improvement Program (ATRIP) Committee created by Act 2016-150 which will review projects submitted by the counties and municipalities and submit to the Authority those meeting the criteria for funding.
This bill provides that $1.25 billion of the net proceeds of total bond issuance will go to county and municipal governments in the state, to be distributed 45.45% equally among the 67 counties, and 54.55% among the counties based on population, of which 20% of the aggregate net will be distributed to municipalities within the counties based on their population ratio within the county. These funds will be deposited into a fund to be administered by the Department of Finance for disbursement to the counties according to the provisions of this bill. The remaining proceeds of any bond issuance will go to pay the cost of road and bridge rehabilitation and improvement projects as recommended by the Alabama Department of Transportation (ALDOT). If no bonds are issued, 50% of net proceeds from any new levy of gasoline and diesel fuel excise taxes will be distributed 45.45% equally among the 67 counties, and 54.55% among the counties based on population, of which 30% of the aggregate new will be distributed to municipalities within the counties based on their population ratio to the population of the state. The remaining net proceeds shall be distributed to the State Highway fund.
This bill provides a specific restriction for state, county and municipal transportation authorities that monies from the fund will not be used for (1) administrative salaries and benefitsí (2) purchasing or maintaining equipment; or (3) construction of buildings not related to road and bridge construction. This bill will increase the administrative costs to the Department of Transportation and the Department of Finance to administer the separate funds for the counties and municipalities to be created under the provisions of this bill.
|†||Gerald H. Allen, Chairperson|
Transportation and Energy