Introduced
by
To authorize the use of tax-exempt bonds by private companies to fund construction of transportation infrastructure projects, such as bridges. The bonds would be paid from user fees such as toll revenues collected by the private entity, and the project would be sold back to the government after the bonds are paid. The proposed law could be used to provide an additional international bridge from Detroit and Windsor, Ontario, and other large infrastructure projects.
Referred to the Committee on Economic Development, International Trade, and Regulatory Affairs
