Bill would allow bonds to help complete road projects

The bill, LB 706, utilizes the Nebraska Highway Capital Improvement Fund, which is funded by a .25% sales tax introduced by the Build Nebraska Act passed in 2011 to fund the bonds. The bill allows the state to issue up to $450 million in bonds from the fund to expedite projects identified by the Build Nebraska Act with the lion's share of funding going to expressways and highway corridors designated as high-priority projects.