LEG00161

• Bill Number: HCR03-1009
• Year: 2003
• Title: Allow State Debt for Infrastructure
• Legislation - Doc Type: Other CWCB Related Bills - Killed

1 (c) THE TYPE AND AMOUNT OF ANY TAX TO BE IMPOSED FOR THE

2 PURPOSE OF GENERATING REVENUES NEEDED TO PAY OFF THE DEBT AND

3 THE SOURCE AND AGGREGATE AMOUNT OF ANY OTHER STATE REVENUES OR

4 OTHER PUBLIC OR PRIVATE REVENUES TO BE GENERATED THROUGH THE

5 IMPOSITION OF FEES OR BY ANY OTHER MEANS THAT ARE TO BE USED TO

6 PAY OFF THE DEBT.

7 (3) As USED IN THIS SECTION, "STATE INFRASTRUCTURE PROJECT"

8 MEANS A PROJECT THAT INVOLVES THE ACQUISITION OF LAND FOR, OR THE

9 ACQUISITION, CONSTRUCTION, IMPROVEMENT, REHABILITATION, OR

1 0 DEMOLITION OF, ONE OR MORE STATE-OWNED OR STATE-OPERATED:

11 (a) BUILDINGS;

12 (b ) FACILITIES;

13 (c) UTILITIES;

14 (d) AGRICULTURAL OR DOMESTIC WATER STORAGE AND

15 ANCILLARY FACILITIES, INCLUDING BUT NOT LIMITED TO WATER

16 COLLECTION, RECOVERY, DISTRIBUTION, AND TREATMENT FACILITIES;

17 (e) TRANSPORTATION SYSTEMS; OR

18 (t) ELEMENTS OF TRANSPORTATION SYSTEMS,

19 (4) THE GENERAL ASSEMBLY SHALL GIVE PRIORITY TO STATE

20 INFRASTRUCTURE PROJECTS THAT WILL HAVE STATEWIDE, RATHER THAN

21 ONLY LOCAL, BENEFITS WHEN DETERMINING THE STATE INFRASTRUCTURE

22 PROJECTS FOR WHICH DEBT FINANCING WILL BE APPROVED, SUBJECT TO

23 THE REQUIREMENTS OF THIS SECTION, THE GENERAL ASSEMBLY MAY

24 ENACT GENERAL LAWS TO FURTHER DEFINE AND IMPLEMENT THE PROCESS

25 AND CRITERIA TO BE USED IN PRIORITIZING AND SELECTING STATE

26 INFRASTRUCTURE PROJECTS TO BE FUNDED THROUGH BONDED

27 INDEBTEDNESS.

A.

HCR03-1009