HB-1581-FN-A, relative to the bonding of project costs for certain department of transportation bridge capital projects. In New Hampshire we currently have 4000 bridges, with ½ of them state owned. There are 140 bridges on the “red list”, meaning very bad, and currently 9 have been closed due to needed repairs. This bill would allow the Commissioner of DOT to fund bridge capital projects which the department determines are red listed by bonded appropriations, provided the total debt service does not exceed 10% of the unrestricted highway fund revenues for the previous fiscal year. This bill would cut out the normal process of getting legislative approval in HB-25, the budget trailer bill, for such borrowing. Bypassing the HB-25 method would allow the Executive Branch to borrow and spend without legislative involvement. Bill passed OTP-A RC 251-82. Bill sent to Finance Committee as 2nd committee.
(Editor’s Note: NH State Representative Mike Kappler can be reached at firstname.lastname@example.org)