Enhances the flexibility and responsiveness of the Industrial Access Road Fund to support economic development.
The bill amends the Industrial Access Road Fund to improve its flexibility and responsiveness for economic development. It allows the Division of Highways to allocate funds for industrial access roads, considering economic impact and project location. The fund can be used for federally funded projects and must be matched by local entities. Funds not used within three years revert to the State Road Fund. The bill also restricts the use of the fund to industrial sites and prohibits its use on private property or for certain public facilities.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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