TEDF FUNDING ALLOCATION; MODIFY H.B. 5922:
SUMMARY OF BILL
REPORTED FROM COMMITTEE
House Bill 5922 (as reported without amendment)
Sponsor: Representative Jaime Greene
House Committee: Transportation, Mobility, and Infrastructure
Senate Committee: Transportation and Infrastructure
CONTENT
The bill would amend the transportation economic development fund (TEDF) Law to modify urban county population ranges used in distributing TEDF funding for transportation projects meant to reduce congestion on county and city streets.
BRIEF RATIONALE
PREVIOUS LEGISLATION
The bill is a companion bill to Senate Bill 1011, which has been reported by the Senate Committee on Transportation and Infrastructure.
Legislative Analyst: Abby Schneider
FISCAL IMPACT
The bill would have no fiscal impact on the State and would have a net zero fiscal impact on local units of government. The bill would adjust the population metrics for the county congestion road funding, which means some local units could receive more funding while others received less funding; however, total funding would not change.
Date Completed: 10-17-24 Fiscal Analyst: Bobby Canell
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.