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1999 SESSION

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SB 1256 High Priority Transit Project Fund.

Introduced by: Mary Margaret Whipple | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

High Priority Transit Project Fund. Establishes the High Priority Transit Project Fund as a nonreverting special subaccount within the Commonwealth Mass Transit Fund. The High Priority Transit Project Fund subaccount is to consist of such moneys as are appropriated to it by the General Assembly and all donations, gifts, bequests, grants, endowments and other moneys given to it. Fund proceeds are to be used to cover capital expenditures associated with mass transit projects approved by the Commonwealth Transportation Board and may be used to support the issuance of revenue bonds.

SUMMARY AS PASSED SENATE:

High Priority Transit Project Fund. Establishes the High Priority Transit Project Fund as a nonreverting special subaccount within the Commonwealth Mass Transit Fund. The High Priority Transit Project Fund subaccount is to consist of such moneys as are appropriated to it by the General Assembly and all donations, gifts, bequests, grants, endowments and other moneys given to it. Fund proceeds are to be used to cover capital expenditures associated with mass transit projects approved by the Commonwealth Transportation Board and may be used to support the issuance of revenue bonds.

SUMMARY AS INTRODUCED:

High Priority Transit Project Fund. Establishes the High Priority Transit Project Fund as a nonreverting special fund within the Commonwealth Mass Transit Fund. The High Priority Transit Project Fund is to consist of such moneys as are appropriated to it by the General Assembly and all donations, gifts, bequests, grants, endowments and other moneys given to it. Fund proceeds are to be used to cover capital expenditures associated with mass transit projects approved by the Commonwealth Transportation Board and may be used to support the issuance of revenue bonds. There are also technical amendments.