Item 517 | First Year - FY1997 | Second Year - FY1998 |
|---|---|---|
| Rail Assistance (61000) | $2,250,000 | $2,250,000 |
| Rail Development Programs (61001) | FY1997 $1,500,000 | FY1998 $1,500,000 |
| Federal and Regulatory Programs (61002) | FY1997 $750,000 | FY1998 $750,000 |
| Fund Sources: | ||
| Commonwealth Transportation | FY1997 $2,250,000 | FY1998 $2,250,000 |
Authority: Title 33.1, Code of Virginia.
Out of the amounts for rail development programs $1,500,000 the first year and $1,500,000 the second year may be allocated for use by the Commonwealth Transportation Board in order to acquire, lease, improve, or assist other appropriate entities to acquire, lease, or improve railways for passenger and freight rail transportation purposes which the Board determines are for the common good of the Commonwealth or a region of the Commonwealth. The Board may, in its discretion, exceed the twenty-five percent limit contained in § 33.1-221.1:1(E), Code of Virginia, in individual cases where the Board determines that such action will promote industrial development.