91st General Assembly
Summary of HB3380
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House Sponsors:
GASH-CROTTY-GARRETT.

Short description: 
TOLL AUTH-INSPECTOR & BONDS                                                

Synopsis of Bill as introduced:
        Amends the Toll Highway Act.  Requires the Toll Highway Authority      
   to appoint an  Inspector  General  to  investigate  waste,  fraud,  or      
   financial  mismanagement  in  Authority operations involving Authority      
   employees or contractors.  Provides for the Inspector General's powers      
   and duties.  Makes failure to cooperate in  specified  ways  with  the      
   investigation  a  Class  A misdemeanor.  Requires the Authority to use      
   all surplus revenues to fund construction or  repairs  before  issuing      
   bonds to finance those activities. Requires the Authority to structure      
   financing  of  new  tollways  and  refinancing  of  debt to facilitate      
   conversion  of  tollways  into  free  State  highways.   Requires  the      
   Authority to report a schedule of that conversion to the Governor  and      
   General Assembly every 2 years.  Effective immediately.                     
          FISCAL NOTE (Department of Corrections)                              
          There will be no corrections population or fiscal impact due         
          to HB 3466.                                                          
          CORRECTIONAL NOTE (Department of Corrections)                        
          Same as DOC fiscal note.                                             
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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