The Idaho House yesterday voted in favor of SB 1427 yesterday, the $12 million GARVEE bonding measure for next year. Frank Henderson, Republican representative from Post Falls, was the bill’s House sponsor.
He noted that GARVEE bond debt service is just 17% of the federal highway allocations Idaho is receiving; the bonds are a provision that allow states to borrow against their future federal highway allocations.
The bill now goes to Governor Butch Otter.
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