Establishes the Industrial Access Road Fund to support construction and maintenance of industrial access roads.
Establishes the Industrial Access Road Fund to support construction and maintenance of industrial access roads. The fund receives three-fourths of one percent of all state tax collections. Funds can only be used for industrial sites, not for schools, hospitals, or similar facilities. The Division of Highways determines the use of funds based on traffic volume and project costs. Counties and municipalities must request funds and negotiate with industries. The fund cannot be used for private property. Unmatched funds are limited to $800,000 per county per fiscal year.
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