Bill Summary for S 761 (2015-2016)
Printer-friendly: Click to view
Summary date:
Apr 26 2016
Bill Information:
View NCGA Bill Details | 2015-2016 Session |
AN ACT TO CLARIFY THAT THE FREIGHT RAIL AND RAIL CROSSING SAFETY IMPROVEMENT FUND MAY BE USED TO ASSIST SHORT-LINE RAILROADS.Intro. by J. Davis, Rabon.
View: All Summaries for Bill | Tracking: |
Bill summary
Amends GS 124-5.1 concerning the use of funds deposited into the Freight Rail & Rail Crossing Safety Improvement Fund (Fund) within the Highway Fund, providing that proceeds from the Fund may be used for short-line railroad assistance in addition to being used for the enhancement of freight rail service and railroad-roadway crossing safety. Provides that the use of the proceeds of the Fund can include short-line railroad projects not specified in the statute.
Amends GS 136-44.39 making technical and clarifying changes concerning the use of funds from the Rail Industrial Access Program and the Short Line Infrastructure Access Program, to give assistance to short line railroads.