Menu
1998 Session

Budget Amendments - SB30 (Committee Approved)

View Budget Item
View Budget Item amendments

CTB to negotiate loan for MagLev partnership demonstration (language only)

Item 534 #11s

Item 534 #11s

Transportation
Rail and Public Transportation, Department of

Language
Page 313, after line 23, insert:
"H. The Secretary of Transportation, in consultation with Virginia Polytechnic and State University, shall negotiate a Memorandum of Understanding for a loan agreement between the American Maglev Technology Partnership and the Commonwealth of Virginia, to develop a magnetic levitation demonstration project.   Any Memorandum of Understanding shall be approved by the Commonwealth Transportation Board."


Explanation
(This amendment requires the Secretary of Transportation to negotiate a Memorandum of Understanding between the American Maglev Technology Partnership and the Commonwealth of Virginia to help develop a demonstration magnetic levitation track near Virginia Tech.)