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Infrastructure Investment And Jobs Act Cash Fund

Concerning the creation of the "Infrastructure Investment and Jobs Act" cash fund to be used for nonfederal match funding requirements for infrastructure projects eligible to receive federal funding under the federal "Infrastructure Investment and Jobs Act", and, in connection therewith, making an appropriation.
2022 Regular Session
State Government
State Revenue & Budget
Bill Summary

Joint Budget Committee. The bill creates the "Infrastructure Investment and Jobs Act" cash fund (fund) and requires the state treasurer to transfer $81.5 million to the fund. The money in the fund is continuously appropriated subject to annual appropriation by the general assembly to the office of the governor (office) and to departments, subject to approval by the governor to be used as the nonfederal match funding necessary for the state or a local government to be eligible to receive federal approval and federal funds for certain categories of infrastructure projects allowed under the federal "Infrastructure Investment and Jobs Act". The office of the governor (office) must establish a process for receiving, reviewing, and approving applications and awarding and distributing money from the fund and the office, as well as state departments receiving money from the fund, are subject to annual reporting requirements.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Became Law


Bill Text