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2007 Session

Budget Amendments - SB750 (Committee Approved)

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Additional Transit Assistance

Item 437 #6s

Item 437 #6s

First Year - FY2007 Second Year - FY2008
Transportation
Rail and Public Transportation, Department of FY2007 $0 FY2008 $23,200,000 NGF

Language
Page 461, line 43, strike "$163,780,515" and insert "$186,980,515".
Page 463, after line 42, insert:
"F.  Included in this Item is $23,200,000 the second year from Nongeneral Funds to be deposited to the Commonwealth Mass Transit Fund for capital project purposes or operating costs of local transit systems.  These funds are contingent upon passage of Senate Bill 1379 of the 2007 Session of the General Assembly."


Explanation
(This amendment provides $23.2 million the second year from Nongeneral Funds based on the provisions of Senate Bill 1379 (2007 Session). These revenues are derived from increases to vehicle registration, truck registration, abusive driver fees, and liquidated damages. Also included is an increase of 1.5 cents in the diesel excise tax. Under the bill, these moneys are to be deposited to the Commonwealth Mass Transit Fund for capital project purposes or operating costs in accordance with state statutes.)