Mc Lain explained additional considerations for transportation P3s includes, but is not limited to, compliance with federal requirements and investment-grade credit ratings.
The attorneys also explained that approved P3s must be part of competitive negotiation—meaning the contract will be awarded to a “responsible and responsive” party, per the handout.
“I think that cap, if there is some cap, needs to also have an inflationary increase as well—That’s the kind of thing I think the county judge-executives and KACo (Kentucky Association of Counties) would probably be interested in working with together,” Du Plessis said. Steve Riggs, D-Louisville, said the committee needs a simplistic, written definition of the Fifths Formula and other pertinent information from KLC, which KLC Deputy Executive Director J. Previous KLC road fund proposals had considered taking some of revenue sharing dollars away from the counties and reallocating it to cities, he reminded lawmakers.
“Some years, in fact most years, we just can’t afford to do any street work.With prompting from Jones, Goodman said the state may ask the Corps of Engineers to help place some device in the area of the Levisa Fork to catch trash traveling into Fishtrap.From a state agency standpoint, Goodmann said Kentucky has been successful not just at providing access to drinking water but also in reaching compliance with health standards.Those funds are provided through the state municipal road aid program, founded in the 1970s, which is based on population and not the Fifths Formula.Christensen said his city of Sadieville had to use around 13 percent of its general fund dollars to cover street work last fiscal year.Abandoned Mine Lands (AML) grant funds many also be of help, he said.