Key Votes
HB 1902 - Highway Financing Act 0f 2011 - Key Vote
Arkansas Key Votes
Joyce Elliott voted Yea (Passage With Amendment) on this legislation.
Read recent statements Joyce Elliott made in this general time period.
Stages
- March 30, 2011 Executive Signed
- March 25, 2011 House Concurrence Vote Passed
- March 25, 2011 House Concurrence Vote Passed
- March 24, 2011 Senate Bill Passed
- March 11, 2011 House Bill Passed
- March 4, 2011 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - March 30, 2011
Title: Highway Financing Act 0f 2011
Legislation - Concurrence Vote Passed (House) (81-1) - March 25, 2011
Legislation - Concurrence Vote Passed (House) (81-5) - March 25, 2011
Legislation - Bill Passed (Senate) (18-12) - March 24, 2011 (Key vote)
Title: Highway Financing Act 0f 2011
Vote to pass a bill that appropriates funds for highway development.
- Increases the distillate special fuel tax by 5 cents for each gallon upon the approval by a majority of the qualified electors voting on the measure in a statewide election (Sec. 2).
- Increases the distillate special fuel tax to provide revenue for constructing, widening, reconstructing, maintaining, resurfacing, and repairing the public highways (Sec. 2).
- Authorizes the State Highway Commission to issue bonds, upon a statewide majority voter approval, to be used for the following purposes (Sec 3):
- Accelerate highway improvement projects already underway or scheduled;
- Fund new highway improvement projects;
- Finance the restoration, reconstruction, and renovation of highway improvements; and
- Pay the costs of issuance of the bonds or other credit enhancement.
- Establishes the following requirements for the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds (Sec 3):
- The bonds must be issued in series and in amounts sufficient to finance all or part of the costs of construction and maintenance of highway improvements;
- The bonds must mature or be subject to mandatory sinking fund redemption over a period ending not later than 12 years after the date of issue of each series;
- The bonds of each series must bear interest at the rate determined by the commission at the sale of the bonds;
- The bonds must be issued in the form of bonds registered as to both principal and interest without coupons; and
- Each bond must be executed with the facsimile signatures of the Chair of the State Highway Commission and the secretary of the commission, and the seal of the commission shall be affixed or imprinted on the bond.
Legislation - Bill Passed (House) (67-24) - March 11, 2011
Legislation - Introduced (House) - March 4, 2011
Title: Highway Financing Act 0f 2011
Sponsors
- Thomas Moore (AR - D) (Out Of Office)
