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Senate Bill 0516


Senate Bill 0516

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Commuter rail service fund. Provides that a commuter transportation district may use money deposited in the commuter rail fund that is revenue derived from the taxation of indefinite-situs distributable property of railroad car companies: (1) to satisfy any debt service and required debt service reserves; and (2) to the extent that funds are remaining, to provide state matching funds for federal transportation capital grants.
    Current Status:
     In Committee - first House
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