997011                                                     

Committee
TA
Amendment
4
GENERAL APPROPRIATIONS BILL
SB2600                                                   


Senator(s) Gardiner moved the following amendment:


Section: 05
On Page: 243             

Spec App: 1999           



 EXPLANATION:
Revises proviso language following Specific 
Appropriation 1999, to require the drawdown of 
escrow closing funds to be contingent upon obtaining 
the final Federal Transit Administration 
full-funding grant approval for 50 percent of the 
capital costs.



NET IMPACT ON:            Total Funds       General Revenue          Trust Funds
    Recurring -                    0                     0                    0 
Non-Recurring -                    0                     0                    0 
______________________________________________________________________________________

                                               Positions & Amounts    Positions & Amounts
                                                      DELETE               INSERT

        TRANSPORTATION, DEPARTMENT OF
        Transportation Systems Development
        Program: Transportation Systems 
        Development  55100100

        In Section 05  On Page 243
1999    Fixed Capital Outlay  088774
        Public Transit Development/Grants  IOEK

DELETE the first paragraph of proviso immediately following Specific 
Appropriation 1999:

From  the  funds  in  Specific  Appropriations 1999, 2005, and 2009, the
department  may  complete  an  escrowed  closing  on the pending Central
Florida  Rail  Corridor  acquisition;  provided however, the drawdown of
such  escrowed  closing  funds  shall  not  occur unless and until final
Federal  Transit Administration full-funding grant agreement approval is
obtained  and  a  federal  appropriation  in  the  amount  of  at  least
$178,000,000.00 is secured for the proposed Central Florida Rail Transit
Project  Initial  Operating Segment; and further provided, however, that
no  such  closing  shall  be authorized in the absence of the passage of
Senate  Bill  1212  or  substantially  similar  substantive  legislation
authorizing  the  liability  insurance  purchase  requirements  and  the
state's  indemnification obligations as set forth in the Central Florida
Rail  Corridor  acquisition  transactional  documents  dated February 4,

 997011  Log:0011  TDW/TDW           04/15/09 04:15:42 PM  Senate  Page: 1


2008.

and insert in lieu thereof:

From  the  funds  in  Specific  Appropriations 1999, 2005, and 2009, the
department  may  complete  an  escrowed  closing  on the pending Central
Florida  Rail  Corridor  acquisition;  provided however, the drawdown of
such  escrowed  closing  funds  shall  not  occur unless and until final
Federal  Transit Administration full-funding grant agreement approval is
obtained for 50 percent of the capital costs of the proposed Central 
Florida Rail Transit Project  Initial  Operating Segment; and further 
provided, however, that no  such  closing  shall  be authorized in the 
absence of the passage of Senate  Bill  1212  or  substantially  similar 
 substantive  legislation authorizing  the  liability  insurance 
purchase  requirements  and  the state's  indemnification obligations as 
set forth in the Central Florida Rail  Corridor  acquisition  
transactional documents  dated February 4, 2008.

Line item amendments are accepted as part of the amendatory process.  However, due to the necessity of using computerized systems this may entail a different placement within a budget entity or the renumbering of the specific appropriation items.  Items printed in italics are computer codes and are not a part of the official text of this amendment.
































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