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O CITY OF BATESVILLE, ARKANSAS <br /> RESOLUTION NUMBER ' n//--/U-oa-12 <br /> RESOLUTION OF SUPPORT FOR THE PASSAGE OF THE <br /> 2011 INTERSTATE REHABILITATION PROGRAM AT THE <br /> NOVEMBER 8, 2011 STATEWIDE SPECIAL ELECTION <br /> Whereas, in 1999, Arkansans voted overwhelmingly, by a 4-to-1 margin, <br /> for the adoption of an Interstate Rehabilitation Program; and <br /> Whereas,the Interstate Rehabilitation Program was financed through <br /> federally funded GARVEE Bonds and a 4¢ state diesel tax passed for that <br /> purpose; and <br /> Whereas,the Interstate Rehabilitation Program modernized over 350 <br /> miles of Interstate highways in Arkansas; and <br /> (W <br /> Whereas,Arkansas now has over 650 miles of Interstates, with more re- <br /> construction and modernization left to be completed, and thus finishing the job <br /> started by the 1999 program; and <br /> Whereas, a new Interstate Rehabilitation Program ballot issue will be <br /> placed on a special election ballot, Tuesday,November 8, 2011; and <br /> Whereas,Arkansas voters at the special election must approve and <br /> authorize the Arkansas l lighway Cornrnission to issue a new round of GARVEE <br /> Bonds for the purpose of financing a 2011 Interstate Rehabilitation Program <br /> designed to address the immediate needs of nearly 300 miles of Interstates; and <br /> Whereas,the issuance of GARVEE Bonds will not require any new taxes, <br /> or any increase in existing taxes, but will be funded by future federal revenue and <br /> the existing 40 state diesel tax; and <br />