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TEA-21 - Transportation Equity Act for the 21st Century Moving Americans into the 21st Century |
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ALASKA RAILROAD | |||||||
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 |
Rail Authorization | 10M* | $5.25M** | $5.25M | $5.25M | $5.25M | $5.25M | $5.25M |
Transit Authorization | 0 | $4.9M | $4.9M | $4.9M | $4.9M |
Program Purpose
This program allows the Secretary to make grants to fund capital rehabilitation of and improvements to the rail passenger operations of the State-owned Alaska Railroad. [7204]
Funding
Funds authorized specifically for this program under Section 7204 are from the General Fund, which means that the funds must be made available in an appropriations act before the program can be implemented. [7204(b)]
An additional $29.1 million ($4,849,950/year for FYs 1998-2003) of Transit Formula Grants funds are available for capital improvements to the Alaska Railroad's passenger operations. Of these amounts, 80% are from the Mass Transit Account of the HTF and 20% from the General Fund. [3029]
September 14, 1998