Text: SSB02033 Text: SSB02035 Text: SSB02000 - SSB02099 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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: SSB02033 Text: SSB02035 Text: SSB02000 - SSB02099 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
© 1998 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Feb 4 03:43:36 CST 1998
URL: /DOCS/GA/77GA/Legislation/SSB/02000/SSB02034/980127.html
jhf