SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2009 SESSION

  • | print version

HB 2119 Rail Enhancement Fund; waive requirement that projects funded thereby include minimum 30% cash .

Introduced by: Paul F. Nichols | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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 Rail Enhancement 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.


FULL TEXT

HISTORY