Section 1 directs the commissioner of transportation to develop and implement a transportation project evaluation and selection policy. In developing the policy, and also in making any future updates to the policy, the commissioner must consult with named entities, including the Federal Highway Administration. The department must publicize the policy.

The adopted policy must include: a project ranking system, a process to inform stakeholders of the results of a project selection, and the involvement of local stakeholders in the project selection process.

The policy must be adopted by October 1, 2018 and in use for project selections on or after that date. After adoption of the policy, the state transportation improvement program must include project ranking scores and projects must be executed in ranked order.

Section 2 requires a report to the legislature by February 15, 2018, on the policy under development. The report must include any proposed legislation regarding the project selection ranking process.

EFFECTIVE DATE. This bill is effective the day following final enactment.