Text: HSB00617                          Text: HSB00619
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index



House Study Bill 618

Bill Text

PAG LIN
  1  1    Section 1.  NEW SECTION.  327H.20A  RAILROAD REVOLVING LOAN
  1  2 FUND.
  1  3    A railroad revolving loan fund is established in the office
  1  4 of the treasurer of state under the control of the department.
  1  5 Moneys in this fund shall be expended for loans to provide
  1  6 assistance for the restoration, conservation, improvement, and
  1  7 construction of railroad main lines, branch lines, switching
  1  8 yards, sidings, rail connections, intermodal yards, highway
  1  9 grade separations, and other railroad-related improvements.
  1 10 The department shall administer a program for the granting and
  1 11 administration of loans under this section.  The department
  1 12 may enter into agreements with railroad corporations, the
  1 13 United States government, cities, counties, and other persons
  1 14 for carrying out the purposes of this section.  Moneys
  1 15 received as loan repayments shall be credited to the railroad
  1 16 revolving loan fund.  Notwithstanding section 8.33, moneys in
  1 17 the railroad revolving loan fund shall not revert to the
  1 18 general fund of the state but shall remain available
  1 19 indefinitely for expenditure under this section.
  1 20    Sec. 2.  There is appropriated from the general fund of the
  1 21 state to the state department of transportation for the fiscal
  1 22 year beginning July 1, 1998, and ending June 30, 1999, the
  1 23 following amount, to be used for the purpose designated:
  1 24    For deposit in the railroad revolving loan fund established
  1 25 in section 327H.20A:  
  1 26 .................................................. $  2,125,000
  1 27                           EXPLANATION
  1 28    This bill establishes a railroad revolving loan fund in the
  1 29 state treasury under the control of the state department of
  1 30 transportation and appropriates $2,125,000 to the fund.  The
  1 31 moneys in the fund are to be loaned for the purposes of
  1 32 restoring, conserving, improving, or constructing railroad
  1 33 main lines, branch lines, switching yards, sidings, rail
  1 34 connections, intermodal yards, highway grade separations, and
  1 35 other railroad-related improvements.  Loan repayments and any
  2  1 balances in the fund would not revert to the general fund of
  2  2 the state at the end of any fiscal year.  
  2  3 LSB 3434DP 77
  2  4 jm/jw/5
     

Text: HSB00617                          Text: HSB00619
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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