Panel hears bill to let Interstate Bridge account retain interest earnings
House Bill 2111 would allow the Interstate Bridge Replacement toll facility bond retirement account to keep its proportionate share of interest earnings rather than sending them to the state general fund; supporters said the change prevents arbitrage issues and better aligns interstate partnership accounting.
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House Bill 2111 was briefed to the Transportation Committee on Jan. 15. Committee staff said the bill would allow the Interstate Bridge Replacement (IBR) project toll facility bond retirement account to retain its proportionate share of investment earnings instead of directing those earnings to the state general fund.
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