House File 286 - Introduced



                                       HOUSE FILE       
                                       BY  WESSEL=KROESCHELL


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act creating a public transit vehicle fund.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  3 TLSB 1702HH 83
  4 dea/nh/5

PAG LIN



  1  1    Section 1.  NEW SECTION.  324A.8  PUBLIC TRANSIT VEHICLE
  1  2 FUND.
  1  3    1.  A public transit vehicle fund is created in the state
  1  4 treasury under the control of the department.  The fund shall
  1  5 consist of any moneys appropriated by the general assembly and
  1  6 any revenues credited by law to the fund.
  1  7    2.  The department shall award moneys from the public
  1  8 transit vehicle fund to public transit systems within the
  1  9 state to assist the systems in meeting match requirements for
  1 10 federal grants for the purchase of transit vehicles and
  1 11 equipment.  The department shall adopt rules specifying
  1 12 criteria to be considered in evaluating a request for
  1 13 assistance under this section.
  1 14    3.  Moneys in the fund are not subject to section 8.33.
  1 15 Notwithstanding section 12C.7, subsection 2, interest or
  1 16 earnings on moneys deposited in the fund shall be credited to
  1 17 the fund.
  1 18                           EXPLANATION
  1 19    This bill creates a public transit vehicle fund to be
  1 20 administered by the department of transportation.  The purpose
  1 21 of the fund is to assist public transit systems to leverage
  1 22 federal funds for the purchase of buses, vans, and other
  1 23 public transit equipment.  Moneys in the fund are to be
  1 24 awarded to public transit systems when matching funds are
  1 25 needed to qualify for federal grant money.  The department is
  1 26 required to adopt rules specifying criteria for evaluating
  1 27 applications for assistance from the public transit vehicle
  1 28 fund.
  1 29 LSB 1702HH 83
  1 30 dea/nh/5