Today's Law As Amended

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SB-766 Transportation: indirect cost recovery: wildlife crossing projects.(2019-2020)

As Amends the Law Today


 Section 114.7 is added to the Streets and Highways Code, to read:

 (a) Until July 1, 2024, the department shall not charge for administration indirect cost recovery, as outlined in the department’s Indirect Cost Recovery Proposal, for any wildlife crossing project that receives private funding for more than 50% of the project cost. The department shall charge these projects for functional overhead.
(b) On or before July 1, 2024, the department shall report to the Legislature, in compliance with Section 9795 of the Government Code, the amount of private funding invested in projects pursuant to this article for the 2020–21, 2021–22, 2022–23 and 2023–24 fiscal years.
(c) This section shall become inoperative on July 1, 2024, and, as of January 1, 2025, is repealed.