SF 50 (LSB 1617XS (4) 85)

SENATE FILE 50

BY  JOCHUM

A BILL FOR

An Act making an appropriation to the railroad revolving loan and grant fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  327H.22  Appropriation.
   There is appropriated each year from the general fund of the state to the railroad revolving loan and grant fund, from moneys not otherwise appropriated, an amount sufficient to supplement any other moneys credited to the fund in order to carry out the purposes of this chapter and to maximize the amount of any federal funds available for the maintenance and improvement of railroads.
EXPLANATION
   The railroad revolving loan and grant fund is a fund administered by the department of transportation to provide assistance for the restoration, conservation, improvement, and construction of railroads and for rail economic development projects. This bill provides a standing appropriation to the railroad revolving loan and grant fund from moneys in the general fund of the state not otherwise appropriated. The amount of the appropriation is unspecified, but is intended to be sufficient to supplement other available moneys to accomplish the purposes of the railroad revolving loan and grant program and to maximize any federal funds that might be available for the maintenance and improvement of railroads.