Legislative Audit Committee. The department of transportation (CDOT) administers an outdoor advertising program (program) under which it issues permits to persons who wish to construct or maintain advertising devices that are visible from a state highway. The bill establishes a cost recovery center (center) within the state highway fund and requires CDOT to deposit all program permit fees charged for specific information signs, business signs installed on specific information signs, and tourist-oriented directional signs in the center to pay the costs of administering such signs. CDOT must credit all other program revenues to the state highway fund for use as permitted by law.
Concerning Revenue Generated From The Outdoor Advertising Program Administered By The Department Of Transportation.