Bills

HB 1156: DOT; Harbor Improvements; Special Facility Revenue Bonds

  • Session Year: 2025-2026
  • House: House
  • Latest Version Date: 2025-04-26

Current Status:

In Progress

(2025-05-19: Act 070, on 05/19/2025 (Gov. Msg. No. 1170).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

What does this bill do?

The bill raises the cap on special facility revenue bonds that the Department of Transportation can issue for harbor improvements from $100 million to $600 million, affecting the DOT and maritime businesses that lease or operate harbor facilities. These special facility revenue bonds are state-issued bonds sold to pay for building, remodeling, furnishing, or equipping harbor facilities used by maritime operators.

The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.

Version:

Increases the total principal amount of special facility revenue bonds that may be issued by the Department of Transportation for harbor improvements.  (CD1)

Discussed in Hearing

Conference Committee 2MIN
Apr 25, 2025

Conference Committee

Conference Committee 24SEC
Apr 25, 2025

Conference Committee

Senate Standing Committee on Transportation and Culture and the Arts 2MIN
Mar 11, 2025

Senate Standing Committee on Transportation and Culture and the Arts

House Standing Committee on Finance 28SEC
Feb 21, 2025

House Standing Committee on Finance

View Older Hearings
Authors shown for version:
HB1156_CD1 (4/26/2025)