SB99 Alabama 2018 Session

Sponsors

Session

Regular Session 2018

Title

Transportation Dept., Ala. Federal Fund Exchange Program, political subdivisions or public corporation authorized to puchase fed. transportation funds at a discount, work to be performed by state residents, reports to Jt. Transportation Committee, Ala. Fed. Fund Exchange Program

Description

<p class="bill_description"> This bill would create the Alabama Federal Fund Exchange Program to provide eligible entities and the Alabama Department of Transportation with greater flexibility in funding transportation projects</p><p class="bill_entitled_an_act"> To establish the Alabama Federal Fund Exchange Program; to provide authority for the Alabama Department of Transportation or political or governmental subdivision or public corporation to enter into agreements with a political or governmental subdivision or public corporation to exchange federal transportation funds; to allow the Alabama Department of Transportation to set an appropriate exchange rate; to require a political or governmental subdivision or public corporation to submit required documentation for the exchange program; and to require the Alabama Department of Transportation to report annually to the Joint Transportation Committee on any agreements entered into during the previous fiscal year. </p>

Subjects

Transportation Department