Bill No.: SF0107                      Drafter:  MDO

 

LSO No.:   11LSO-0170                 Effective Date:  

 

Enrolled Act No.:     SEA0094

 

Chapter No.:         

 

Prime Sponsor:        Senator Meier

 

Catch Title:          Energy impacted county roads program.

 

Subject:    Creates the Energy Impacted County Roads Account to assist counties impacted by energy development.

 

Summary/Major Elements:

 

·       An energy impacted county roads program is established to  assist counties in constructing or reconstructing county roads impacted by energy development.

 

·       The program will be administered by the State Loan and Investment Board.

 

·       Provides that counties are eligible to receive energy impacted assistance under the program if:

 

o   The county's total proposed energy impacted road projects exceed 15% of the average total annual county expenditures for its road and bridge maintenance and construction expenditures for the preceding 5 years.

o   The county has demonstrated that it has pursued alternative methods of funding;

o   That the funds will not supplant existing funding levels from traditional sources.

 

·       No single county is eligible to receive an amount in excess of 40% of the total funds available at the beginning of the state's fiscal year without unanimous approval of the board.

 

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