Port authorities must promise a local share before state-funded work begins, while state officials must set project standards and funding limits by rule.
Port authorities must match state support for approved port projects: 10 percent for standard projects and, if lawmakers add program money, 20 percent for large projects.
The Office of Multimodal Commerce must set, by rule, the standards projects must meet and the maximum state funding for each project type and port.
The joint committee must hold hearings on ranked projects and review each annual program; lawmakers cannot add projects when the final program is presented for funding.
Port authorities must provide a local match for state-funded port projects. The match applies to port authorities involved in projects on the approved priority list that receive state funds. A standard project requires a 10 percent match. A large project requires a 20 percent match only if the legislature allocates additional Transportation Trust Fund money to the program. Before work begins, the department must require the port authority’s presiding officer to sign an agreement promising the required match.
The Office of Multimodal Commerce must set project standards and state funding limits by rule. These standards and funding limits apply to large and standard projects in the port priority program. Rules must set cost, benefit, and return requirements for large projects, and benefit and return requirements for standard projects. Rules must also set maximum state support for each project type and maximum yearly funding for each port. The text gives no deadline for issuing these rules.
The joint committee must hold public hearings on ranked project lists and review the final annual programs. The text covers the port construction and waterway dredging and deepening priority programs. The final program must reflect expected legislative funding or other funding authority, and lawmakers may not add projects when the program is presented for funding. Official notice for the annual program hearing begins July 1, 2027.
No hearings or votes scheduled.