MACo: Change to Waterway Improvement Fund’s Financing Limits Would Increase Local Government Utilization, No New Fiscal Burden for State

On February 27th, Les Knapp testified in support of SB 877 Waterway Improvement Fund – Public Boating Construction Projects – Financing Limits.

This bill would increase the maximum cost of public boating construction projects that can be wholly financed through the Waterway Improvement Fund from $100,000 to $250,000.

From the MACo Testimony:

The repeal of the 50% contribution cap allows counties with fewer resources to more easily access the Fund for worthy public boating projects. Increasing the maximum contribution from $100,000 to $250,000 is needed in recognition of rising construction costs. The current $100,000 limit now causes many projects to be delayed or even canceled due to the need for additional local funding.

SB 877 provides a needed update to the Waterway Improvement Fund that would allow a local government to better utilize the Fund for public boating projects while not creating a new fiscal burden for the State.

For more on 2019 MACo legislation, visit the Legislative Database.