HB 274

Bill Subjects

Bonds, Public Counties Highways, Streets, And Bridges Public Works Transportation

Abstract

Create new sections of KRS Chapter 184 to establish transportation improvement districts (TIDs) organized by county governments; define terms; allow TIDs to be established by a city with a population of greater than 20,000, a single county, or up to three contiguous counties; establish board makeup and membership requirements for each type of TID; set forth TID duties and powers; set forth public meeting requirements for potential projects; require approval of the establishing body of a TID before any project can be started; allow TIDs to receive revenue from increment bonds as part of a local development area under KRS 65.7041 to 65.7083; set forth powers and procedures for TIDs to issue bonds for projects; allow the Transportation Cabinet to assist a TID in a demonstration project; amend KRS 65.7045 to include TIDs under the definition of "agency" for the purposes of establishing a local development area; amend KRS 416.670 to exempt property acquired for a TID project from the provisions of that statute.