Ohio House Passes $1.5B Turnpike Bond Bill

Law360, Los Angeles (March 1, 2013, 8:50 PM EST) -- The Ohio House of Representatives approved a bill Thursday to generate $1.5 billion for state highway construction projects through bonds issued by the Ohio Turnpike Commission, House Democratic leader Armond Budish announced in a statement on the House website.

House Bill 51 grew out of Gov. John Kasich's Ohio jobs and transportation plan, which is aimed at generating $3 billion for highway construction using project bonds and matching funds, reversing course from a plan he floated two years ago to raise cash by leasing out operation...
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