House Transportation, Utilities and Infrastructure Hearing
Room 429 at 09:00:00

The bill would create a dedicated funding and oversight framework for industrial access roads and bridges built by a public corporation, and clarify they are not a taking of public property when used for secured industrial access.
It establishes an industrial access road and bridge construction account funded from the corporation's bond proceeds (excluding refunding bonds) to construct, reconstruct, relocate, and related work and property purchases for industrial access roads and bridges, with expenditures subject to approval by the State Department of Transportation and the Governor. Bond proceeds would be invested by the State Treasurer with net interest going to the state Public Road and Bridge Fund for highway purposes. The bill provides rules for refunding bonds, including defeasance and escrow arrangements. All such contracts must be in writing and overseen by the DOT, with DOT supervision of work and property acquisitions done in the state’s name or conveyed to the state. It also states that roads and bridges built by the corporation are part of the state's public highway system, allows private facilities to establish security controls on access roadways in cooperation with law enforcement (not privatizing the roadway), and appropriates bond proceeds for construction.
Indefinitely Postpone
Read Second Time in House of Origin
Reported Out of Committee in House of Origin
Reported Favorably from House Transportation, Utilities and Infrastructure
Introduced and Referred to House Transportation, Utilities and Infrastructure
Read First Time in House of Origin
Room 429 at 09:00:00
Source: Alabama Legislature