2009 Session

Budget Amendments - SB850 (Conference Report)

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Mass Transit Funding (language only)

Item 449 #1c

Item 449 #1c

Rail and Public Transportation, Department of

Page 486, after line 18, insert:
"F. Notwithstanding the provisions of § 58.1-638 subdivision 4f, for the second year, at the written request of the governing board of the transit property,  the Commonwealth Transportation Board shall allocate no more than the fiscal year 2009 capital allocation from the Mass Transit Fund to the operating expenses of such transit property in accordance with § 58.1-638 subdivision 4b.  In determining such amount for allocation, only the funds available for capital purposes in the Commonwealth Mass Transit Fund, exclusive of any federal funding or debt financing, shall be included.  Each transit system may flex a portion of their capital grant for operating expenses up to the amount of operating assistance that would have been available for each system in fiscal year 2009, based on the Six-Year Program adopted by the Commonwealth Transportation Board in June 2008. Each transit system shall provide a report to DRPT detailing the actual amount of capital funds used to support operations of the transit system, as well as an estimate of any foregone federal, state, local or private sources of capital funding."

(This amendment allows for local transit properties to request a one-year transfer of funding allocated to them from the Mass Transit Capital Fund to Mass Transit Operating Funds in order to maintain operating funding at the 2009 funding level. The amendment does not reduce formula allocations for capital or operating expenses, but does allow a transit provider the discretion to use capital allocations for operating expenses. This amendment does not allocate new funding to the Mass Transit Fund.)