Revision: March 8, 2012, midnight
HB 1204 – AS INTRODUCED
2012 SESSION
06/10
HOUSE BILL 1204
AN ACT relative to matching funds of highway projects.
SPONSORS: Rep. Graham, Hills 18; Rep. E. Smith, Ches 4; Rep. Campbell, Hills 24; Sen. Rausch, Dist 19; Sen. Boutin, Dist 16
COMMITTEE: Public Works and Highways
This bill permits use of turnpike toll credits as a match for federal highway funds and road projects without approval of the capital budget overview committee.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2308
06/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to matching funds of highway projects.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Transportation; Definitions; Toll Credits. Amend RSA 228:1 by inserting after paragraph VIII the following new paragraph:
IX. “Toll credits” mean credits generated by previous state-funded construction, maintenance, or improvement of highways, bridges, or tunnels that may be used as a match for federal highway funds.
2 New Section; Use of Toll Credits. Amend RSA 228 by inserting after section 12 the following new section:
228:12-a Use of Toll Credits. The department may use toll credits as a match for federal highway funds on highway and road projects without prior approval of the legislative capital budget overview committee established under RSA 17-J:1. Any use of toll credits other than as a match for federal highway funds on highway and road projects shall require prior approval of the committee.
3 Effective Date. This act shall take effect 60 days after its passage.