SB1998 - Tennessee - Highways, Roads And Bridges, Local Government, General

Companion Bill HB1515. Highways, Roads and Bridges - Limits the financial exposure of local governments in bridge replacement projects under the federal BRZ program. - Amends TCA Title 54. Fiscal Summary for SB1998 / *HB1515 Increase State Expenditures - $2,550,000 / Highway Fund Decrease Local Govt. Expenditures - $2,550,000 Bill Summary for SB1998 / *HB1515 This bill provides for a capping of the liability of a political subdivision of the state for a bridge replacement project when the department of transportation contracts with the political subdivision to undertake the bridge replacement project under the federal BRZ (Bridge Off System) program or a similar federal program that includes a requirement that the political subdivision fund a matching percentage of the costs. Under this bill, if there are cost overruns on [...]

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