‘Sec. 5. Disbursement of bond proceeds from General Fund bond issue. The proceeds of the sale of the bonds authorized under this Act must be expended as designated in the following schedule under the direction and supervision of the agencies and entities set forth in this section.
| TRANSPORTATION, DEPARTMENT OF |
Provides funds to repair and reconstruct highways and bridges that are considered to be vital to the expansion of business interests by the business and economic development sector and essential to public safety, which will make the State eligible for at least $72,000,000 in federal matching funds.
| Total | $36,000,000 |
Provides funds to the Urban-Rural Initiative Program.
| Total | $5,000,000 |
Provides funds for dredging the established commercial channel at Searsport, which serves the existing port operation at Mack Point, and potential port development on Sears Island, which will make the State eligible for at least $10,000,000 in federal matching funds.
| Total | $3,000,000 |
Provides funds for material handling equipment for the port at Mack Point to be matched by at least $2,000,000 from private sources.
| Total | $2,000,000 |
Provides funds for transit buses, which will make the State eligible for at least $9,000,000 in federal matching funds.
| Total | $1,000,000 |
Provides funds for the Industrial Rail Access Program to be matched by at least $1,500,000 from private sources.
| Total | $1,500,000 |
Provides funds for warehousing facilities at the port at Eastport.
| Total | $1,500,000 |
Provides funds for aviation facilities, which will make the State eligible for at least $10,800,000 in federal matching funds.
| Total | $1,200,000 |