124th MAINE LEGISLATURE
LD 736 LR 954(02)
Resolve, Directing the Department of Transportation To Request Federal Funding for the Extension and Completion of Interstate 95
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Transportation
Fiscal Note Required: Yes
             
Fiscal Note
Potential current biennium revenue increase - Federal Expenditures Funds
Potential current biennium revenue increase - Bond Funds
Potential current biennium cost increase - Federal Expenditures Funds
Potential current biennium cost increase - Bond Funds
Potential current biennium cost increase - General Fund
Fiscal Detail and Notes
This legislation requires the Department of Transportation to secure full funding to complete the Aroostook North-South Highway project through federal funding, bonding and/or Highway Fund revenues.  The Department of Transportation has secured $40 million in funding for this purpose from the Congressional Delegation and has begun the planning process.  This funding will also be used to complete the Caribou project and begin planning on the Presque Isle project as required in the bill.  Additional funding would need to be secured to fully complete the Aroostook North-South Highway project.