Purpose
To receive money allocated by law for furtherance of public road construction and maintaining/policing of a system of state highways. State Infrastructure Bank is an account in the highway fund to receive proceeds of bonds issued under § 222.075, and other eligible federal and state dollars. Funds may not be pledged or encumbered to guarantee a loan obtained or insure bonds issued by a public or private entity for costs associated with a toll facility.
Notes
Fund not created by Constitution but some revenue sources are constitutionally dedicated. State Infrastructure Bank added by S.B. 370, 75th Leg, R.S. Amended by S.B. 883, 81st Leg., R.S. Agency 608 added by H.B. 3097, 81st Leg., R.S.