HJR 41 -- TOLL ROADS

CO-SPONSORS:  Seigfreid, Gaw, Klindt, Berkowitz

COMMITTEE ACTION:  Voted "do pass" by the Committee on
Transportation by a vote of 15 to 9.

This proposed constitutional amendment gives the Highways and
Transportation Commission the authority to conduct feasibility
studies about toll facilities and to fund, design, acquire,
construct, maintain, reconstruct, and operate toll facilities.

The amendment establishes the procedure and limitations for the
issuance, collection, and distribution of toll facility revenue
bonds or revenue refunding bonds for toll facilities.

When toll facilities have been paid for, all bonds retired, and
all transfers from the State Road Fund repaid with interest, the
facilities will become a part of the state highway system.

State toll facility revenue bond and refunding bond proceeds,
tolls, and other revenues derived from the establishment or
operation of toll facilities will not be considered part of
total state revenue and the expenditure of the revenues will not
be considered an expense of state government.

FISCAL NOTE:  Cost to General Revenue of $208,094 in FY 2001,
and $0 in FY 2002 and FY 2003.

PROPONENTS:  Supporters say that this legislation offers an
option or tool for supplementing the highway system funding.
This could increase the flexibility of building roads and may
accelerate projects that might not be done because of lack of
funding.

Testifying for the bill were Representatives Seigfreid, Klindt,
and Berkowitz; Department of Transportation; Missouri Motor
Carriers Association; and Associated General Contractors of
Missouri.

OPPONENTS:  There was no opposition voiced to the committee.

Robert Triplett, Legislative Analyst

HJR 41 -- Toll Roads

Co-Sponsors:  Seigfreid, Klindt, Gaw, Berkowitz

This proposed constitutional amendment gives the Highways and
Transportation Commission the authority to conduct feasibility
studies about toll facilities and to fund, design, acquire,
construct, maintain, reconstruct, and operate toll facilities.

The amendment establishes the procedure and limitations for the
issuance, collection, and distribution of toll facility revenue
bonds or revenue refunding bonds for toll facilities.

When toll facilities have been paid for, all bonds retired, and
all transfers from the State Road Fund repaid with interest, the
facilities will become a part of the state highway system.

State toll facility revenue bond and refunding bond proceeds,
tolls, and other revenues derived from the establishment or
operation of toll facilities will not be considered part of
total state revenue and the expenditure of the revenues will not
be considered an expense of state government.