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2001 Session

Budget Amendments - HB1600 (Committee Approved)

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DRPT-Capital Assistance Program

Item 518 #1h

Item 518 #1h

First Year - FY2001 Second Year - FY2002
Transportation
Rail and Public Transportation, Department of FY2001 $0 FY2002 $7,400,000 GF

Language
Page 450, line 30, strike "$126,263,844" and insert "$133,663,844".
Page 453, after line 4, insert:
"L.  The amounts listed for Capital Assistance include $7,400,000 the second year from the general fund to support a statewide new transit vehicle and equipment program.  In cooperation with the Department of the Treasury and other state agencies, as appropriate, the Department of Rail and Public Transportation is authorized to enter into lease-purchase agreements, not to exceed five years, to acquire new transit vehicles and equipment.  By October 1, 2001, the Department of Rail and Public Transportation shall report to the Chairmen of the House Appropriations and Senate Finance Committees on the implementation of this program and the potential sources of funds to provide ongoing support for the program."


Explanation
(This amendment provides $7.4 million the second year from the general fund for a statewide transit vehicle and equipment program. It authorizes the Department of Rail and Public Transportation to enter into lease-purchase agreements for this purpose and directs the department to report on the program by October 1, 2001.)