2003 Senate Bill 789

Introduced in the Senate

Oct. 23, 2003

Introduced by Sen. Jud Gilbert (R-25)

To authorize the use of tax-exempt bonds by private companies to fund construction of transportation infrastructure projects, including bridges. The bonds would be paid from user fees such as toll revenues collected by the private entity, and the project would be sold back to the government after the bonds are paid. The proposed law could be used to provide an additional international bridge from Detroit and Windsor, Ontario, and other transportation infrastructure projects.

Referred to the Committee on Transportation