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May 28, 2009

Governor Signs Capital Construction Bill into Law

Governor Signs Capital Construction Bill into Law

Bill is Major Investment in Jobs, Economic Growth

Waterbury, Vt. – Governor Jim Douglas today signed into law H.445, An Act Relating to Capital Construction and State Bonding, which makes $109 million in investments for a wide range of capital projects from school construction to parks and recreation infrastructure.

Governor Douglas, who hosted the bill signing at Little River State Park in Waterbury, noted the bill goes beyond traditional capital expenditures and focuses heavily on generating economic activity, creating jobs and leveraging federal funds to speed recovery.

In a program reminiscent of the federal Civil Conservation Corps, the bill devotes nearly $6 million to forest, park and recreation infrastructure and the expeditious creation of hundreds of private sector building trades jobs throughout the state.

“The investment we are making in our State Parks is just one example of how this bill makes a significant and comprehensive contribution to economic activity and the creation of good jobs in Vermont,” Governor Douglas said. “This legislation is a great example of how fiscally responsible, pro-growth, job-creation policies can be used to fight back against the recession and move our economy forward.”

The bill also includes funds for the second phase of the State Archives vault in Middlesex; money for shovel ready maintenance at the University of Vermont and the Vermont State Colleges; and further investments in the Clean and Clear program and the Drinking Water State Revolving Fund. Additionally, the Capital Construction bill includes over $2 million for construction of the New Forensics Lab in Waterbury to carry out the task of keep our families and communities safe.

The Governor also praised legislators for their work on the bill. “Lawmakers, particularly the House and Senate Institutions Committees, made important contributions to this legislation and I congratulate them on a job well done,” he said.

The Governor said the first capital contracts would be awarded within the next few weeks.

Source: Office of the Governor
Last Updated at: May 28, 2009 08:34:26