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Gov. Otter’s budget director made it clear to JFAC this morning that the governor’s plan to fund eight major road projects around the state with federal stimulus money - including the Dover Bridge and the Vista Interchange - is dependent on the Legislature also approving additional GARVEE bonding to continue bond-funded projects already under way in high-priority highway corridors. “The governor has come to these conclusions on the assumption that the Legislature extends bonding authority,” Hammond told lawmakers. If not, he said, the governor would move stimulus money into the projects that otherwise would be funded with bonds.
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