Malloy seeks OK for $90 million for busway

From the State Bond Commission agenda for next week:
DEPARTMENT OF TRANSPORTATIONSPECIAL TAX OBLIGATION BONDS ROADMAP FOR CONNECTICUT’S ECONOMIC FUTUREREQUESTED:  1)An Allocation and Bond Authorization (to agency) $89,740,0002)Approval to authorize the Secretary of the State Bond    Commission to accept reports and statements on behalf    of the Commission as required by the Act.   FROM:  Sec. 4  Acct. No.  13033-DOT57000-43115Total Earmarking  $1,000,000,000Previous Allocations  708,767,695Balance Unallocated  $ 291,232,305REASON FOR REQUEST: These funds are requested, pursuant to Section 13b-79p of the Connecticut General Statutes, to provide the balance of the state’s 20% share of funding to commence construction on the New Britain-Hartford Busway.  The first of a series of construction contracts will be awarded and begin construction this summer. This project will create or retain 12,000 construction related jobs. Total Estimated Cost  $572,690,000Less: Estimated Federal Funds  459,350,000         Previous State Funding  23,600,000Total, This Request  $89,740,000
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