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1996 Session

Budget Bill - SB30 (Introduced)

Department of Rail and Public Transportation

Item 517

Item 517

First Year - FY1997Second Year - FY1998
Rail Assistance (61000)$2,250,000$2,250,000
Rail Development Programs (61001)FY1997 $1,500,000FY1998 $1,500,000
Federal and Regulatory Programs (61002)FY1997 $750,000FY1998 $750,000
Fund Sources: 
Commonwealth TransportationFY1997 $2,250,000FY1998 $2,250,000

Authority: Title 33.1, Code of Virginia.


Out of the amounts for rail development programs $1,500,000 the first year and $1,500,000 the second year may be allocated for use by the Commonwealth Transportation Board in order to acquire, lease, improve, or assist other appropriate entities to acquire, lease, or improve railways for passenger and freight rail transportation purposes which the Board determines are for the common good of the Commonwealth or a region of the Commonwealth. The Board may, in its discretion, exceed the twenty-five percent limit contained in § 33.1-221.1:1(E), Code of Virginia, in individual cases where the Board determines that such action will promote industrial development.