Bill Text: MI SB0437 | 2019-2020 | 100th Legislature | Introduced

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Bill Title: Transportation; funds; freight rail preservation and development grant program fund; create. Amends 1976 PA 295 (MCL 474.51 - 474.70) by adding sec. 15b.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-08-20 - Referred To Committee On Transportation And Infrastructure [SB0437 Detail]

Download: Michigan-2019-SB0437-Introduced.html

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SENATE BILL No. 437

 

 

August 20, 2019, Introduced by Senator SCHMIDT and referred to the Committee on Transportation   and Infrastructure.

 

 

 

     A bill to amend 1976 PA 295, entitled

 

"State transportation preservation act of 1976,"

 

(MCL 474.51 to 474.70) by adding section 15b.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 15b. (1) The office of rail within the department shall

 

create and operate the freight railroad preservation and

 

development grant program for the maintenance, development, and

 

improvement of the freight railroad transportation system in this

 

state.

 

     (2) The grant program shall provide 70% of the freight

 

railroad project costs. Projects undertaken pursuant to this

 

section shall include a 30% cash or in-kind matching contribution

 

from a private source, which may include a railroad, a regional

 

authority, a private industry, a local government source, or a

combination of these sources.

 

     (3) The office of rail shall establish a detailed application,

 

approval, compliance, and grant distribution process and publish it

 

on the department's website.

 

     (4) The freight railroad preservation and development grant

 

fund is created within the state treasury.

 

     (5) The state treasurer may receive money or other assets from

 

any source for deposit into the fund. The state treasurer shall

 

direct the investment of the fund. The state treasurer shall credit

 

to the fund interest and earnings from fund investments.

 

     (6) Money in the fund at the close of the fiscal year shall

 

remain in the fund and shall not lapse to the general fund.

 

     (7) The department shall be the administrator of the fund for

 

auditing purposes.

 

     (8) The department shall expend money from the fund, upon

 

appropriation, only to fund the grant program created in subsection

 

(1).

 

     (9) The director of the office of rail may consult with other

 

agencies or their designated representatives concerning freight

 

rail projects to be undertaken under this section.

 

     (10) As used in this section:

 

     (a) "Freight railroad preservation and development grant fund"

 

or "fund" means the freight railroad preservation and development

 

grant fund created in subsection (4).

 

     (b) "Freight railroad preservation and development grant

 

program" or "grant program" means the freight railroad preservation

 

and development grant program created in subsection (1).

     (c) "Office of rail" means the office of rail within the

 

department.