Item 442 | First Year - FY2013 | Second Year - FY2014 |
|---|
|
|
| Financial Assistance for Rail Programs (61000) | $57,587,000 | $50,062,000 |
| Rail Industrial Access (61001) | FY2013 $3,000,000 | FY2014 $3,000,000 |
| Rail Preservation Programs (61002) | FY2013 $7,987,000 | FY2014 $7,887,000 |
| Passenger and Freight Rail Financial Assistance Programs (61003) | FY2013 $46,600,000 | FY2014 $39,175,000 |
| Fund Sources: | | |
| Commonwealth Transportation | FY2013 $57,587,000 | FY2014 $50,062,000 |
Authority: Title 33.1, Code of Virginia.
A. Except as provided in Item 440, the Commonwealth Transportation Board shall operate the Shortline Railway Preservation and Development Program in accordance with § 33.1-221.1:1.2, Code of Virginia. The board may allocate funds pursuant to § 33.1-23.1, Code of Virginia, to the Shortline Railway Preservation and Development Fund.
B. The Commonwealth Transportation Board shall operate the Rail Industrial Access Program in accordance with § 33.1-221.1:1, Code of Virginia. The board may allocate funds pursuant to § 33.1-23.1, Code of Virginia, to the fund for construction of industrial access railroad tracks.
C. Because of the overwhelming need for the development of a balanced transportation system in the Commonwealth, upon approval by the Commonwealth Transportation Board and notwithstanding the provisions of § 33.1-221.1:1.1, Code of Virginia, the 30 percent match requirement for the Rail Enhancement Fund is hereby waived exclusively for funding allocated from such fund for improvements for the Richmond/Hampton Roads Passenger Rail Project between Richmond and Norfolk in the 2012-2014 biennium.
D. Notwithstanding any other provision of law, in implementing the provisions of the Intercity Passenger Rail Operating and Capital Fund created pursuant to § 33.1-221.1:1.3, Code of Virginia, the Commonwealth Transportation Board may allocate such funds as it deems necessary from the Rail Enhancement Fund, created pursuant to § 33.1-221.1:1.1, Code of Virginia. Such funding shall not exceed $6,700,000 the first year and $19,400,000 the second year.