LOCAL FEDERAL MATCH PROGRAM S.B. 360 (S-2): FLOOR ANALYSIS
Senate Bill 360 (Substitute S-2 as reported)
Sponsor: Senator Jud Gilbert, II
Committee: Transportation
CONTENT
The bill would amend the Michigan Transportation Fund (MTF) law to extend from September 30, 2007, to April 4, 2008, the deadline for certain projects to be under construction or let for bid in order to receive funding through the local Federal match program; and to include in the program's qualifying criteria high-priority projects that were scheduled to be under construction or let for bid in fiscal year (FY) 2007-08 but could be advanced to FY 2006-07.
The law specifies that the Legislature intends that funds in the local Federal match program be used for certain projects, including those that are the subject of a Federal appropriation in Public Law 109-59 (the Safe, Accountable, Flexible, Efficient Transportation Equity Act: a Legacy for Users, or SAFETEA-LU Act) or Public Law 105-78 (the Transportation Equity Act for the 21st Century, or TEA-21) and have been designated as high-priority road and building projects that have received earmarks in the Federal budget. Presently, those projects must be under construction or let for bid by the end of fiscal year 2006-07. The bill would extend that deadline to April 4, 2008.
Under the law, projects selected for funding must meet specific criteria. The bill would include projects that were not the subject of an appropriation under Public Law 109-59 or 105-78 that were designated as high-priority road and bridge projects that had received earmarks in the Federal budget scheduled to be under construction or let for bid during FY 2007-08 and could be advanced to FY 2006-07 and let for bid by September 20, 2007.
Currently, all bond proceeds not used to fund grants awarded by September 30, 2007, are to be appropriated for other specified purposes described. Under the bill, bond proceeds not used for grants by after April 4, 2008, would be appropriated for those purposes.
MCL 247.661e & 247.661f Legislative Analyst: Curtis Walker
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 4-18-07 Fiscal Analyst: Debra Hollon
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb360/0708