Sec. 13b-78r. Bond issue for Fix-it-First program to repair state roads. Report.
Sec. 13b-78r. Bond issue for Fix-it-First program to repair state roads. Report. (a) The State Bond Commission shall have power, in accordance with the provisions of this section, from time to time to authorize the issuance of special tax obligation
bonds of the state in one or more series and in principal amounts in the aggregate, not
exceeding thirty million dollars for the fiscal year ending June 30, 2008, and thirty
million dollars for the fiscal year ending June 30, 2009.
(b) The proceeds of the sale of said bonds to the extent hereinafter stated, shall be
used for the purpose of payment of the transportation costs, as defined in subdivision
(6) of section 13b-75, with respect to the projects and uses hereinafter described, which
projects and uses are hereby found and determined to be in furtherance of one or more
of the authorized purposes for the issuance of special tax obligation bonds set forth in
section 13b-74. Any proceeds of the bonds shall be used by the Department of Transportation for the purpose of establishing a Fix-it-First program to repair the state's roads.
Thirty million dollars of such funds shall be used for the rehabilitation and reconstruction
of highways that are not part of the interstate highway system.
(c) Projects shall be based on traffic volume, condition and need, and priority shall
be given to projects currently programmed in out years. Funds may also be used to
enhance and improve pedestrian and bicycle access for these projects.
(d) None of said bonds shall be authorized except upon a finding by the State Bond
Commission that there has been filed with it (1) a request for such authorization, which
is signed by the Secretary of the Office of Policy and Management or by or on behalf
of such state officer, department or agency and stating such terms and conditions as said
commission, in its discretion, may require, and (2) any capital development impact
statement and any human services facility colocation statement required to be filed with
the Secretary of the Office of Policy and Management pursuant to section 4b-23, any
advisory report regarding the state conservation and development policies plan required
pursuant to section 16a-31 and any statement regarding farm land required pursuant to
subsection (g) of section 3-20 and section 22-6, provided the State Bond Commission
may authorize said bonds without a finding that the reports and statements required by
this subdivision have been filed with it if said commission authorizes the secretary of
said commission to accept such reports and statements on its behalf. No funds derived
from the sale of bonds authorized by said commission without a finding that the reports
and statements required by this subdivision have been filed with it shall be allotted by
the Governor for any project until the reports and statements required by this subdivision,
with respect to such project, have been filed with the secretary of said commission.
(e) For the purposes of this section, each request filed as provided in this section
for an authorization of bonds shall identify the project for which the proceeds of the
sale of such bonds are to be used and expended and, in addition to any terms and conditions required pursuant to this section, include the recommendation of the person signing
such request as to the extent to which federal, private or other moneys then available
or thereafter to be made available for costs in connection with any such project should
be added to the state moneys available or becoming available from the proceeds of bonds
and temporary notes issued in anticipation of the receipt of the proceeds of bonds. If
the request includes a recommendation that some amount of such federal, private or
other moneys should be added to such state moneys, then, if and to the extent directed
by the State Bond Commission at the time of authorization of such bonds, said amount
of such federal, private or other moneys then available or thereafter to be made available
for costs in connection with such project shall be added to such state moneys.
(f) Any balance of proceeds of the sale of said bonds authorized for the projects or
purposes of this section, in excess of the aggregate costs of all the projects so authorized,
shall be used in the manner set forth in sections 13b-74 to 13b-77, inclusive, and in the
proceedings of the State Bond Commission respecting the issuance and sale of said
bonds.
(g) Said bonds issued pursuant to this section shall be special obligations of the
state and shall not be payable from or charged upon any funds other than revenues of
the state pledged therefor in subsection (b) of section 13b-61 and section 13b-69, or
such other receipts, funds or moneys as may be pledged therefor. Said bonds shall not
be payable from or charged upon any funds other than such pledged revenues or such
other receipts, funds or moneys as may be pledged therefor, nor shall the state or any
political subdivision thereof be subject to any liability thereon, except to the extent of
such pledged revenues or such other receipts, funds or moneys as may be pledged therefor. Said bonds shall be issued under and in accordance with the provisions of sections
13b-74 to 13b-77, inclusive.
(h) Not later than January 1, 2009, the Department of Transportation shall submit
a report on the results of such program to the joint standing committee of the General
Assembly having cognizance of matters relating to transportation, in accordance with
the provisions of section 11-4a.
(June Sp. Sess. P.A. 07-7, S. 64.)
History: June Sp. Sess. P.A. 07-7 effective November 2, 2007.