LRB-2108/P1
EVM:wlj
2019 - 2020 LEGISLATURE
DOA:......Aslesen, BB0421 - General fund supported bonding for passenger rail
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
transportation
Rail and air transportation
1. Increase bonding for passenger rail capital projects
Under current law, DOT administers a rail passenger route development program under which DOT may fund the following:
1. Capital costs related to certain Amtrak service extension routes or certain other rail service routes.
2. Railroad track or rail passenger station improvements related to an Amtrak service extension route, or the establishment of commuter rail service, between the city of Milwaukee and Waukesha County.
3. Rail passenger station improvements related to an existing rail passenger service.
Current law provides $79,000,000 in general obligation bonding authority for the program but does not provide for other sources of program funding. However, not more than $10,000,000 of the bonding proceeds may be used for the purposes described in items 2 and 3, above; no proceeds may be used without JCF approval; and no proceeds may be used for the purposes described in items 1 and 2, above, unless DOT provides to JCF certain information.
This bill increases the general obligation bonding authority for the program from $79,000,000 to $124,000,000 but does not modify any of these other program funding limitations.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 20.866 (2) (up) of the statutes is amended to read:
20.866 (2) (up) Transportation; rail passenger route development. From the capital improvement fund, a sum sufficient for the department of transportation to fund rail passenger route development under s. 85.061 (3). The state may contract public debt in an amount not to exceed $79,000,000
$124,000,000 for this purpose. Of this amount, not more than $10,000,000 may be used to fund the purposes specified in s. 85.061 (3) (a) 2. and 3.
(End)
