2012 Idaho Statutes
Title 40 - HIGHWAYS AND BRIDGES
Chapter 3 - IDAHO TRANSPORTATION BOARD
Section 40-315 - POWERS AND DUTIES -- FEDERALLY-FUNDED HIGHWAY PROJECT FINANCING.
ROUTE | PROJECT DESCRIPTION |
US-95 | SH-1 to Canadian border |
US-95 | Garwood to Sagle |
US-95 | Worley to Setters |
US-95 | Thorn Creek to Moscow |
US-95 | Smokey Boulder to Hazard Creek |
SH-16 Ext | South Emmett to Mesa with connection to SH-55 |
SH-16 Ext | I-84 to South Emmett |
I-84 | Caldwell to Meridian |
I-84 | Orchard to Isaacs Canyon |
US-93 | Twin Falls alternate route and new Snake River crossing |
SH-75 | Timmerman to Ketchum |
US-20 | St. Anthony to Ashton |
US-30 | McCammon to Soda Springs |
Notwithstanding the provisions of subsection (1)(b) of this section wherein eligible projects are listed for selection and designation by the board, if any of the designated projects are deemed to be ineligible by the board, the board shall have the authority to replace those projects with other projects listed in subsection (1)(b) of this section.
(2) Prior to issuance by the Idaho housing and finance association of any bonds or notes to finance highway transportation projects, the board shall certify to the association that sufficient federal transportation funds are available to make any payments required for such bonds or notes.
(3) The board shall limit annual, total cumulative debt service and other bond-related expenses as follows:
(4) In the event the board selects and designates to be funded with bond proceeds any of the transportation projects listed in subsection (1) of this section, and prior to entering into agreements with the Idaho housing and finance association as provided herein, the Idaho transportation department, as part of its annual budget request prepared pursuant to section 67-3502, Idaho Code, shall include a request for bonding authority as a separate item of its budget request. This request for bonding authority shall include a list of planned highway transportation projects to be financed with such bond financing during the next succeeding fiscal year.
(5) By June 30 of each year, the board shall submit a report to the legislature concerning projects currently under construction using the bond financing as authorized by the provisions of this section, and shall include a list of planned highway transportation projects to be financed with such bond financing during the next succeeding fiscal year.
History:
[40-315, added 2005, ch. 378, sec. 3, p. 1218; am. 2007, ch. 363, sec. 13, p. 1095.]
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