Official summary
SF0107
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.
Comments:
Appropriates $6,000,000 from the general fund to
the Energy Impacted
County Roads
Account to assist county roads impacted by oil development in the
Niobrara
or similar formations as determined by the
state loan and investment board.
Requires an annual report (on
or before December 1 of each year) on the grants awarded and progress of
the program to the appropriations and transportation, highways and
military affairs interim committees.