Rail Enhancement Fund; allows Director to waive certain requirements regarding project funding. (SB11)

Introduced By

Sen. Yvonne Miller (D-Norfolk)

Description

Rail Enhancement Fund. Allows the Director of the Department of Rail and Public Transportation, with the approval of the Rail Advisory Board, to waive the requirement that projects funded by the Fund include a minimum of 30 percent cash or in-kind matching contribution from a private source, which may include a railroad, a regional authority, a local government source, or a combination of such sources. The bill also allows the use of funds from "federal governmental sources" in connection with projects funded from the Fund. Amends § 33.1-221.1:1.1 (“Rail Enhancement Fund.”), of the Code of Virginia. View Full Text »

Status

01/10/2008: Awaiting a Vote in the Transportation Committee
View Bill's History

Comments

1 vote