About the Transportation Innovation Act

 

Enacted in April 2016, the Transportation Innovation Act (TIA) created new programs and tools to increase mobility, freight, economic growth and safety in Nebraska. The purpose of TIA is to accelerate highway capital improvement, promote innovative solutions for deficient county bridges, and help finance transportation improvements that support new and growing businesses.

 

Revenue 

The TIA legislation created the Transportation Infrastructure Bank (TIB) that received a one-time transfer of $50 million from the Cash Reserve Fund in 2016. The TIB receives annual revenue from fuel taxes enacted by LB 610 (2015). NDOT projects that $529 million will be generated for infrastructure investments before the TIA sunsets in 2033. 

 

Programs and Progress

Three programs, created by TIA, contains needed tools to better support the continued development of a robust statewide transportation system.

 

• Accelerated Capital Improvements

• Economic Opportunity Program

• County Bridge Match Program

 

Resources

• Build Nebraska Act/Transportation Innovation Act annual reports

• Nebraskans Hail Gov. Ricketts' Transportation Initiative as "Historic"

• Frequently Asked Questions