HB3448 - Tennessee: Highways, Roads And Bridges, Municipal Government

Companion Bill SB3501. Highways, Roads and Bridges - Authorizes the department of transportation to reimburse a municipal utility for relocation costs of certain projects. - Amends TCA Section 54-5-804. Fiscal Summary for HB3448 / *SB3501Increase State Expenditures - Exceeds $8,000,000/Highway Fund Increase Local Revenue - Exceeds $8,000,000 Other Fiscal Impact - Depending upon the specific location of a qualifying utility relocation project, state reimbursement to local governments may be eligible for federal funding at a ratio of 80 percent federal dollars to 20 percent state dollars. The number of qualifying projects that would be eligible for federal funding is unknown. Bill Summary for HB3448 / *SB3501 In Chapter 86 of the Public Acts of 2003, the general assembly revised the provisions that govern the [...]

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