2010 Session

Budget Amendments - HB30 (Floor Approved)

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Transfer of Transit for Operating (language only)

Item 447 #1h

Item 447 #1h

Rail and Public Transportation, Department of

Page 311, after line 28, insert:
"c. Notwithstanding the provisions of paragraphs A.1.a. and A.1.b. of this item, prior to the adoption of the Six Year Improvement Program, the Commonwealth Transportation Board may allocate up to 20% of the Commonwealth Mass Transit Funds designated for capital purposes to transit operating assistance if state Mass Transit Funds available for operating expenses for the next fiscal year are estimated to be less than the current fiscal year's allocation of such funds."
Page 312, strike lines 3 through 21.

(This amendment authorizes the Commonwealth Transportation Board to transfer up to 20 percent of the transit funds allocated by the Code for transit capital costs to transit operating expenses to ensure that transit operations funds are maintained at prior year levels. This language reflects that provisions of House Bill 421, adopted by the 2010 House of Delegates. New language relating to the use of transit bond funds is also eliminated.)