2015 Session

Budget Amendments - HB1400 (Committee Approved)

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Review of Rail Enhancement Fund (language only)

Item 427 #2h

Item 427 #2h

Transportation, Secretary of

Page 399, after line 14, insert:
"N.  No later than December 1, 2015, the Secretary of Transportation, in conjunction with the Department of Rail and Public Transportation, shall provide a comprehensive review to the Chairmen of the House and Senate Transportation Committees, House Appropriations Committee and Senate Finance Committee on the usage of monies deposited in the Rail Enhancement Fund since its establishment in fiscal year 2006.  Such a review shall include the amounts of funds allocated to rail freight projects, the amounts allocated to rail passenger projects, and the outstanding commitments to each type of project by year.  Also included in this review shall be an accounting of any funds transferred in or out of the fund for other purposes, and additional funds made available, by year, for rail projects in the Commonwealth.  The review shall include the uses of any funding deposited into the Intercity Passenger Rail Operating and Capital Fund, and the source of such funds.  Finally, the review shall include an assessment of outstanding needs for rail improvement projects and any modifications to the program that would help better address those needs."

(This amendment directs the Department of Rail and Public Transportation to undertake a comprehensive review of the Rail Enhancement Fund and its usage. Established in 2005, after 10 years there is a need to review how effective the guidelines governing its use have been and whether any modifications are required to reflect changes in revenue streams and transportation needs in the intervening years.)