2007 Session

Budget Amendments - SB750 (Committee Approved)

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Shortline Railway Program

Item 438 #3s

Item 438 #3s

First Year - FY2007 Second Year - FY2008
Rail and Public Transportation, Department of FY2007 $0 FY2008 $3,000,000 NGF

Page 463, line 44, strike "$28,422,719" and insert "$31,422,719".
Page 464, line 5, strike "$3,000,000" and insert "$6,000,000".

(This amendment provides $3.0 million the second year from Nongeneral Funds for the Shortline Railway Preservation and Development Fund. This Fund assists nine Shortline railroads in the form of grants with a 30.0 percent match for qualifying projects. The source of additional revenues is contingent upon passage 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.)