§1601. Expenditure of proceeds; appropriation The Treasurer of State by direction of the Governor shall negotiate the sale of all state highway bonds and state highway and bridge bonds. None of such bonds shall be sold for less than par value, nor shall any such bond be loaned, pledged or hypothecated in behalf of the […]
§1602. Appeal to Governor and Council on disagreement of commission (REPEALED) SECTION HISTORY PL 1973, c. 537, §28 (RP).
§1603. Bond proceeds not for compact parts of town; exception No funds for construction derived from any bond issue shall be expended on any highway within compact portions of any town, except in towns of less than 5,000 inhabitants, such compact portions to be determined by the department. This section shall not apply when funds […]
§1604. Transportation debt policy for capital planning purposes Due to the capital intensive nature of transportation investment and the dedicated nature of transportation revenue streams, the Department of Transportation shall plan its capital transportation program based upon the following assumed debt policies. Neither this section nor planning undertaken pursuant to this section authorizes the issuance […]
