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2002 Session

Budget Amendments - HB29 (Member Request)

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Chief Patron: May
VRE Track Subsidy From Minimum Guarantee Program (language only)

Item 506 #2h

Item 506 #2h

Transportation
Transportation, Secretary of

Language
Page 403, line 12, after "Board.", insert:
"In the second year, funds for contract fees paid by the Virginia Railway Express for access to the right-of-way of CSX Transportation, Norfolk Southern Corporation, and the National Railroad Passenger Corporation shall be allocated from the Commonwealth's apportionment of federal Minimum Guarantee Equity program funds.  This allocation shall not be considered a portion of the ten percent of Minimum Guarantee funds allocated to the Department of Rail and Public Transportation by this item but shall be in addition thereto."


Explanation
(This amendment directs the Secretary of Transportation to fund the Virginia Railway Express track lease subsidy "off the top" of the Commonwealth's federal Minimum Guarantee apportionment rather than out of the ten percent of Minimum Guarantee funds dedicated to the Department of Rail and Public Transportation.)