Page 4, line 34, after "district" insert " to match federal funds for a feasibility study to develop a new rail corridor designated in the feasibility study. The money may be used to pay".
Page 4, line 35, delete "for the payment of".
Page 4, line 41, delete "a" and insert " the".
Page 4, line 41, delete ", designated by the authority, in the county" and insert " .".
Page 4, delete line 42.
Page 5, delete lines 1 through 2.
Page 5, line 3, delete "each year the authority shall" and insert " money in the reserve account of the fund not needed to comply with subsection (c) may be used only to make distributions to a commuter transportation district under this subsection. In:
(1) the first twenty-four (24) months in which the authority receives tax revenue under this chapter, money may be transferred".
Page 5, delete line 4.
Page 5, line 5, delete "in the fund".
Page 5, line 8, delete "." and insert " ; and
(2) a period after the time described in subdivision (1), money may be transferred to a commuter transportation district for the commuter transportation district to develop in the county imposing the tax under this chapter the new rail corridor designated in the feasibility study funded under subsection (c).".
Page 5, line 8, beginning with "Money" begin a new line blocked left.
Page 5, line 11, after "sources." insert " Money transferred under subdivision (2) may not be used for operating expenditures.".
Page 5, between lines 36 and 37, begin a new paragraph and insert:
" Sec. 20. (a) This subsection applies to money that:
(1) is available in the fund beginning twenty-four (24) months after the authority begins to receive tax revenue under this chapter; and
(2) is not required to be deposited in the reserve fund under section 19 of this chapter.
(b) In addition to any transfer of money under section 19 of this chapter, the authority may make additional distributions of money from the fund to a commuter transportation district only for capital expenditures for new and improved public transportation services in the county imposing the tax under this chapter.
(c) Before the authority transfers money under this section,
the commuter transportation district must submit a written plan
or amended plan to the authority for its review. The authority
shall prescribe the format for plans and amended plans. The
written plan must specify the nature and the amount of the
(d) Money transferred under this section may not be used for any purpose other than the purposes specified in the plan or amended plan.".
Page 5, line 37, delete "19" and insert " 21".
(Reference is to HB 1282 as printed February 2, 2004.)