HB 1511 -- STATE TRANSPORTATION ASSISTANCE REVOLVING FUND

CO-SPONSORS:  Broach, Backer

COMMITTEE ACTION:  Voted "do pass" by the Committee on
Transportation by a vote of 15 to 3.

This bill creates a State Transportation Assistance Revolving
Fund for the purpose of assisting in the planning, acquisition,
development, and construction of transportation facilities other
than highways.  This fund will receive moneys appropriated by
the General Assembly and also receive any gifts, contributions,
grants, or bequests from federal, private, or other sources.

This fund will be administered by the Highway and Transportation
Commission, which will have the power to loan moneys to
political subdivisions or to any public or private not for
profit organization or entity for:  (1) the planning,
acquisition, development and construction of facilities for
transportation by air, water, rail, or mass transit;  (2) the
purchase of vehicles for the transportation of elderly or
handicapped persons; and (3)  the purchase of rolling stock for
transit purposes.  No moneys in the fund can be used for the
payment of the operating expenses of a transportation facility
or for the construction or maintenance of state highways.

The commission, by rule, will establish procedures, conditions,
and repayment terms for any loans or grants provided.  Loaned
funds and interest repaid will be deposited in the state
treasury to the credit of the state transportation assistance
revolving fund and may be used by the commission for other
eligible projects.

FISCAL NOTE:  Cost to General Revenue Fund of $0 in FY 97,
$2,500,000 in FY 98, and $0 in FY 99.  Net Increase to State
Transportation Assistance Revolving Fund* of $0 in FY 97, $0 to
$2,500,000 in FY 98, and $0 in FY 99.

PROPONENTS:  Supporters say that this bill is a vehicle which
will allow the commission to loan moneys to areas for
transportation needs other than highways.

Testifying for the bill were Representative Broach; Missouri
Department of Highways and Transportation; and Missouri Public
Transit Association

OPPONENTS:  There was no opposition voiced to the committee.

Robert Triplett, Research Analyst

HB 1511 -- Transportation

Co-Sponsors:  Broach, Backer

This bill creates a State Transportation Assistance Revolving
Fund for the purpose of assisting in the planning, acquisition,
development, and construction of transportation facilities other
than highways.  This fund will receive moneys appropriated by
the General Assembly and also receive any gifts, contributions,
grants, or bequests from federal, private, or other sources.

This fund will be administered by the Highway and Transportation
Commission, which will have the power to loan moneys to
political subdivisions or to any public or private not for
profit organization or entity for:  (1) the planning,
acquisition, development and construction of facilities for
transportation by air, water, rail or mass transit;  (2) the
purchase of vehicles for the transportation of elderly or
handicapped persons; and (3)  the purchase of rolling stock for
transit purposes.  No moneys in the fund can be used for the
payment of the operating expenses of a transportation facility
or for the construction or maintenance of state highways.

The commission, by rule, will establish procedures, conditions,
and repayment terms for any loans or grants provided.  Loaned
funds and interest repaid will be deposited in the state
treasury to the credit of the state transportation assistance
revolving fund and may be used by the commission for other
eligible projects.