Tennessee House Bill HB2402

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/24
• Refer: 2/1/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 54, relative to funds for road projects.

Impact

Should HB2402 be enacted, it will impact the operational framework for local public agencies in Tennessee regarding road project funding. The legislation would enable these agencies to apply for state funds in exchange for federal aid authority, thereby minimizing bureaucratic hurdles and potentially speeding up project timelines. Importantly, the bill mandates that any state money received must be expended within three years, ensuring that funds are utilized effectively and projects are completed in a timely manner.

Summary

House Bill 2402 seeks to amend Tennessee Code Annotated, Title 54, to facilitate the exchange of federal aid obligation authority for state funds specifically earmarked for local road projects. The bill aims to establish a streamlined approach for local public agencies, which often lack the resources or expertise to navigate the complex federal funding process. By allowing these agencies to access state money, the bill is intended to enhance project implementation on local roadways and improve overall efficiency in the usage of transportation funds.

Sentiment

The sentiment surrounding HB2402 appears positive, particularly among legislators and stakeholders favoring enhanced local infrastructure funding. Supporters argue that by simplifying access to funds, the bill will bolster local road projects and lead to improved transportation networks across Tennessee. However, there may be underlying concerns regarding the adequacy of federal funding and the long-term implications of relying on state funds, which could provoke debate among fiscal conservatives.

Contention

While the bill presents opportunities for improving local transportation infrastructure, there may be points of contention regarding the balance of funding sources and the sustainability of state funding initiatives. Critics may argue that the reliance on state funds could diminish the emphasis on securing federal support, potentially jeopardizing the financial stability of future projects. Additionally, the implementation and regulations outlined in the bill require careful oversight to ensure that the exchange process remains fair and equitable for all local public agencies.