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2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: McClellan
Zero Emission Transit Transition Fund

Item 447 #1s

Item 447 #1s

First Year - FY2023 Second Year - FY2024
Transportation
Department of Rail and Public Transportation FY2023 $900,000 FY2024 $900,000 NGF

Language
Page 469, line 9, strike "$750,895,958" and insert "$751,795,958".
Page 469, line 9, strike "$766,145,958" and insert "$767,045,958".

Page 470, after line 23, insert:

"F. Included in this Item is an amount estimated at $900,000 the first year and $900,000 the second year for the Transit Transition Fund to assist local, regional, and state entities with transitioning public transit bus fleets and infrastructure to zero-emission and low-emission bus fleets and infrastructure pursuant to SB 488 of the 2022 General Assembly."



Explanation

(This amendment establishes funding for the Transit Transition Fund established pursuant to SB 488 of the 2022 General Assembly that would dedicate 7.5 percent of annual sports betting revenues to a Transit Transition Program to support the acquisition of zero-emission transit buses. Funding for the program will reduce general funds available for appropriation by an estimated $900,000 in each year based on the official forecast for sports wagering revenues.)