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2017 Session

Budget Amendments - HB1500 (Conference Report)

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VDOT Loan to Offset FTA Withholding (language only)

Item 448 #1c

Item 448 #1c

Transportation
Department of Rail and Public Transportation

Language

Page 436, after line 49, insert:

"F. The Director, Department of Planning and Budget, is hereby authorized, upon request by the Secretary of Transportation, to transfer an amount not to exceed $6,214,575 in the first year and $6,214,575 in the second year from the amounts appropriated in Item 453 of this act to the Department of Rail and Public Transportation.  Such transfers shall be considered loans, and are intended to hold harmless transit agencies that operate in the Commonwealth that receive urbanized transit funds pursuant to 49 U.S.C 5307 whose funds have been withheld by the Federal Transit Administration until the certification of the Metro Safety Commission by the Federal Transit Administration.  The Department may disburse, subject to appropriate repayment terms, such funds to affected transit agencies in an amount not to exceed the funds withheld by the Federal Transit Administration.  To the extent repayment is not made as required by the agreement between the Department and an affected transit agency, the Department is directed to withhold the payment amount due from funds provided to such transit agency pursuant to §58.1-638 A 4 b 1 (c) of the Code of Virginia in order to return such amounts to the Department of Transportation. However, no funds from such loan shall be disbursed to any transit agency until such agency has expended all funds available for their use from federal fiscal year 2016.  The specific terms and structure of any loan shall be approved by the Secretary of Transportation, upon consultation with the Chairmen of the House Appropriations and Senate Finance Committees, or their designees."



Explanation

(This amendment directs VDOT to provide a loan to DRPT to address any shortfall in transit funding due to FTA's withholding of Virginia's transit allocations because the Metro Safety Commission has not been enacted by all of the signatory parties. The amounts would be repaid once FTA releases Virginia's allocations.)