4/7/08-A bill has died that sought to establish a state authority that could use tolls to pay for so-called mega-projects.
Sponsored by Rep. Ron Pasley, D-Winchester, HB689 failed to receive consideration in the Senate before the session ended. The House previously approved it.
The bill would have created one state authority “to implement and facilitate the financing of major transportation projects and to hold ownership of projects.”
Mega-projects would have been defined as those costing at least $500 million, developed in coordination with the state’s six-year road plan.
The Kentucky Public Transportation Infrastructure Authority could have issued bonds and created tolls for roads and bridges. Tolls would have been removed once the bonds are retired.
The legislative effort can be brought back for consideration during the 2009 regular session.

3/6/08-The House Appropriations and Revenue Committee voted 25-1 to approve a bill that would establish a state authority that could use tolls to pay for so-called mega-projects.
Sponsored by Rep. Ron Pasley, D-Winchester, HB689 would create one state authority “to implement and facilitate the financing of major transportation projects and to hold ownership of projects.”
Mega-projects would be defined as those costing at least $500 million, developed in coordination with the state’s six-year road plan.
The Kentucky Public Transportation Infrastructure Authority could issue bonds and create tolls for roads and bridges. Tolls would be removed once the bonds are retired.
The bill has moved to the House floor for further consideration.
For bill status, call (502) 564-8100. In Kentucky, call 1-800-372-7181.