28-7671. Definitions In this article, unless the context otherwise requires: 1. " Eligible highway project" means a highway project that is both: (a) On the federal aid system, national highway system or state route or state highway system. (b) Included in either: (i) The department’s state highway construction plan. (ii) The transportation improvement plan of […]
28-7673. Powers and duties of the board and department A. The transportation board may: 1. Make loans or provide other financial assistance to political subdivisions, Indian tribes or this state or its agencies, including the department, from monies in the fund for eligible projects. 2. Enter into a loan repayment agreement with an entity if […]
28-7674. Highway expansion and extension loan program fund A. The highway expansion and extension loan program fund is established. The fund constitutes a state infrastructure bank under the federal SIB act. The state treasurer shall receive in trust, hold and disburse monies in the fund solely for the purposes authorized by this article. The department […]
28-7675. Fund; annual financial audit and report A. The transportation board shall annually cause a financial audit to be made of the fund. The financial audit shall be conducted by a certified public accountant within six months after the end of each fiscal year. The board shall immediately file a certified copy of the audit […]
28-7676. Eligible project loans and other financial assistance A. A political subdivision or this state or its agencies, including the department, may apply to the transportation board for any loan or other financial assistance from the fund to support an eligible project. B. An Indian tribe may apply to the board for any loan or […]
28-7677. Acceleration of right-of-way acquisition, design or construction of eligible highway and transportation projects A. If the department enters into an agreement with a political subdivision or Indian tribe for accelerated right-of-way acquisition, design or construction of an eligible highway project, the agreement may provide for the advancing to the department by the political subdivision […]
28-7678. Board funding obligations (Rpld. 1/1/25) A. The board may deliver nonnegotiable board funding obligations as follows: 1. In fiscal year 2003-2004, a board funding obligation that is in a principal amount that is not more than two hundred million dollars and that matures no later than four calendar years after the delivery of the […]
