Moving Ahead For Progress In The 21st Century Act Rail Fixed Guideway Safety Fund Grant Match
Concerning the allocation of a portion of fee revenues collected from public utilities to meet Colorado's grant match obligations under federal law governing the funding of fixed rail guideway safety oversight programs, and, in connection therewith, making an appropriation.
2016 Regular Session
Fiscal Policy & Taxes
State Revenue & Budget
Transportation & Motor Vehicles
In any year in which the state is required to contribute a 20% grant match for federal grants under the federal 'Moving Ahead for Progress in the 21st Century Act' for rail fixed guideway system safety oversight, the act directs the state treasurer to transfer the first $150,000 collected from public utilities as annual fees into the Colorado public utilities commission's fixed utility fund to meet Colorado's grant match obligation.
$150,000 is appropriated from the public utilities commission fixed utility fund to the department of regulatory agencies for use by the public utilities commission to implement the act.
(Note: This summary applies to this bill as enacted.)