2001 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: May
Minimum Guarantee for Transit (language only)

Item 506 #2h

Item 506 #2h

Transportation, Secretary of

Page 444, line 10, after "for", insert, "ten percent of total Minimum Guarantee funding, which shall be allocated to transit projects, and".
Page 444, line 10, after "those", insert, "remaining".
Page 444, line 12, after "Board.", strike the remainder of line 12 and all of line 13.
Page 444, line 19, after "amount of", insert "Minimum Guarantee funding for transit is estimated to be no less than $7.3 million in each year of the biennium, and the amount of".
Page 444, line 21, after "FY 2002.", insert:
"In addition, the ten percent of total Minimum Guarantee funding and six percent of the federal Surface Transportation Program funds provided for transit shall be assumed to continue through the entire planning years included in the Fiscal Year 2001-02 Virginia Transportation Development Plan."

(This amendment requires that 10 percent of the entire $73.3 million in estimated federal Minimum Guarantee funding be allocated to transit, rather than 10 percent of the amount remaining after the Commonwealth Transportation Board makes discretionary allocations. This amendment would result in an additional $3.5 million in fiscal year 2001 and $3.4 million in fiscal year 2002 for transit. In addition, this amendment requires that 10 percent of Minimum Guarantee funds and 6 percent of Surface Transportation Program funds allocated to transit in this budget be assumed to continue throughout the entire planning years in the 2001-02 Virginia Transportation Development Plan.)