OLR Bill Analysis
AN ACT CONCERNING THE AUTHORIZATION OF SPECIAL TAX OBLIGATION BONDS OF THE STATE FOR CERTAIN TRANSPORTATION PURPOSES.
The bill authorizes up to $ 277. 557 million in special tax obligation (STO) bonds in FY 10 and up to $ 174. 5 million in FY 11 to the Department of Transportation (DOT) for transportation-related capital projects. The specific purposes of the bill's bond authorizations are shown in Table 1 below.
The bill also authorizes up to $ 68. 9 million in special tax obligation bonds for use by the DOT's Bureau of Engineering and Highway Operations for capital resurfacing and related road reconstruction projects for FY 11.
The bonds are payable from the Special Transportation Fund and are subject to the regular issuance procedures for such bonds.
EFFECTIVE DATE: July 1, 2009 for the FY 10 authorizations; July 1, 2010 for the FY 11 authorizations; and May 1, 2010 for the authorization for capital road resurfacing projects for FY 11.
BOND AUTHORIZATIONS FOR DOT PROJECTS
Table 1 lists the specific projects the bill authorizes.
TABLE 1: BOND AUTHORIZATIONS FOR DOT PROJECTS
FY 10 |
FY 11 | |
Bureau of Engineering and Highway Operations | ||
Interstate highway program |
$ 13,000,000 |
$ 13,000,000 |
Urban systems |
8,500,000 |
8,500,000 |
Interstate highway program |
42,500,000 |
44,000,000 |
Soil, water supply, and groundwater remediation at or near DOT maintenance facilities and former disposal areas |
6,000,000 |
6,000,000 |
State bridge improvement, rehabilitation, and replacement |
32,300,000 |
33,300,000 |
Fix-It-First road repair program |
30,000,000 |
0 |
Fix-It-First bridge repair program |
45,000,000 |
0 |
Exit 16 of Interstate 84 in Southbury - reconstruction |
1,000,000 |
0 |
Waterbury-Oxford Airport – access road reconstruction |
420,000 |
0 |
Exit 14 on Route 8 in Shelton – redesign and reconstruction |
10,000,000 |
0 |
Study construction of new entrance and exit lanes on the Merritt Parkway and Interstate 95 |
2,000,000 |
0 |
Comstock Bridge, East Hampton – repairs and renovation |
1,000,000 |
0 |
Montowese Avenue, North Haven – repairs and reconstruction |
192,000 |
0 |
Acquire land for the Route 11 Greenway Authority |
1,500,000 |
0 |
Enfield Police Department truck enforcement unit-purchase scales, equipment, and a vehicle |
70,000 |
0 |
Study on the Interstate 84-Interstate 91 interchange in Hartford and East Hartford |
1,000,000 |
0 |
Bureau of Aviation and Ports | ||
Reconstruction and improvements to the warehouse and State Pier in New London, including site and ferry slip improvements |
200,000 |
300,000 |
Developing and improving general aviation airports, including grants to municipal airports excluding Bradley International Airport |
2,000,000 |
2,000,000 |
Bureau of Public Transportation | ||
Bus and rail facilities and equipment, including rights-of-way, other property acquisition, and related projects |
40,000,000 |
40,000,000 |
Cannondale train station platform in Wilton - repairs |
85,000 |
0 |
Bethel train station – improvements and parking expansion |
2,000,000 |
0 |
East Haven train station – feasibility study |
500,000 |
0 |
Berlin and Waterbury – commuter rail line study |
250,000 |
0 |
Bus and Transportation Center in Bridgeport - improvements |
200,000 |
0 |
Salem – construct multiuse pedestrian path |
75,000 |
0 |
Wilton train station - repairs |
65,000 |
0 |
Competitive matching grants for commercial rail freight lines operating in the state for improvements, repairs, and modernization of existing rail, rail beds, and related facilities |
10,000,000 |
0 |
Bureau of Administration | ||
DOT facilities |
6,400,000 |
6,400,000 |
STO bonds, cost of issuance and debt service reserve |
21,300,000 |
21,300,000 |
TOTAL |
$ 277,557,000 |
$ 174,500,000 |
BACKGROUND
Related Bill
sSB 836, favorably reported by the Finance, Revenue and Bonding Committee, cancels an existing GO bond authorization for DOT to provide competitive matching grants for commercial rail freight lines operating in the state for improvements, repairs, and modernization of existing rail, rail beds, and related facilities.
COMMITTEE ACTION
Finance, Revenue and Bonding Committee
Joint Favorable Substitute
Yea |
55 |
Nay |
0 |
(04/16/2009) |