Requiring the Commissioner of Highways to develop a formula for allocating road funds among districts

The purpose of this bill is to incentivize counties to utilize local revenue sources for the purpose of construction, reconstruction, and maintaining roads and rights-of-way within said counties by requiring the state road commissioner to set aside 20 percent of the state road fund for the purpose of reimbursing said counties on a matching basis and to require the Commissioner of Highways to develop a formula for allocating road funds among districts, for the benefit of the counties; to make legislative findings; to require the commissioner to solicit and consider public comments; to require the commissioner to consider certain factors when developing the formula; and to require the commissioner to submit the formula to the Legislature for approval as a legislative rule.