LINCOLN, Neb. (AP) — Nebraska officials are on the verge of tapping the state’s rainy day fund to speed up work on roads projects.
The Legislature voted 48-0 on Tuesday to pass a measure that would create a new state fund for highway construction projects.
The bill by Sen. Jim Smith of Papillion would create what’s known as an infrastructure bank to finance the work, drawing $50 million from the state’s cash reserve and using additional revenue from a gas tax increase approved last year.
Smith says the bank will support efforts to finish work on Nebraska’s expressway system and repair county bridges. The fund will expire in 2033.
Gov. Pete Ricketts has identified the measure as one of his top priorities of the session.