Adds to and amends existing law to authorize GARVEE bonding to finance highway transportation projects.

This legislation approves bonding authority to issue highway transportation (GARVEE) bonds by the Idaho Housing and Finance Association in a principal amount sufficient to finance the highway transportation projects listed in the legislation (page 2) in an amount up to $300,000,000. Such bonds are expected to be paid from the State Highway Account as provided in Idaho Code § 40-707. Project selection shall be the sole responsibility and duty of the Idaho Transportation Board. Allocation of GARVEE bond proceeds shall be the sole responsibility and duty of the Idaho Transportation Board.