Norfolk Southern Right of Way (language only)

Item 439 #2s

Language
Page 375, after line 35, insert:
“D.1. Out of the new revenues included in Senate Bill 708 (2006 Session) for deposit to the Commonwealth Mass Transit Fund, up to a maximum of $10,000,000 the first year shall be made available to the Cities of Norfolk and Virginia Beach, to be shared equally between the two cities, for the acquisition of some 15.4 miles of right-of-way owned by the Norfolk Southern Corporation and located between Newtown Road and the Oceanfront.
2.  The Director, Department of Planning and Budget is hereby authorized to transfer the appropriation from Item 437 of this act to carry out this purpose.”

Explanation
(This amendment provides $10.0 million to be divided evenly between the Cities of Norfolk and Virginia Beach. The cities will use the funds to purchase right-of-way (abandoned rail track) from Norfolk Southern. The rail connects the two localities.)