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Tuesday, March 30, 2010

GARVEE Bonding Measure Passes House

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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