Special financing approved for highway construction

A bill that expedites highway construction projects in Nebraska was given final approval by the Legislature May 2.

<a href='http://news.legislature.ne.gov/dist21' target='_blank' title='Link to the website of Sen. Mike Hilgers'>Sen. Mike Hilgers</a>
Sen. Mike Hilgers

Under LB616, introduced by Lincoln Sen. Mike Hilgers, highway construction projects with a payment schedule that exceeds the date of completion are exempt from paying contractor interest.

The bill passed on a 48-0 vote.

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