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
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