Bills › 90th General Assembly
Relating to the railroad revolving loan and grant fund by making moneys available for certain projects and prioritizing grants and loans for certain purposes
Sponsored by the Senate Transportation (successor To Sf 273) Committee
Topics:State budgetTransportation
Where it is now
- Done: IntroducedFebruary 13, 2023
- Done: SubcommitteeFebruary 15, 2023
- Done: Senate committeeMarch 2, 2023
- Stopped: Passes the SenateDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The Iowa Department of Transportation can now use its railroad fund to help pay for railroad bridges and transload facilities. Starting in 2025, the state will prioritize giving these loans and grants to projects that fix or build railroad lines before using the money for economic development projects. This change affects railroad companies looking for financial help to improve their tracks and facilities.1
Read the official explanation
The department of transportation (DOT) controls a railroad revolving loan and grant fund. Moneys in the fund are used to provide assistance for the restoration, conservation, improvement, and construction of railroad main lines, branch lines, switching yards, sidings, rail connections, intermodal yards, highway grade separations, and other railroad-related improvements, and for rail economic development projects that improve rail facilities, including the construction of branch lines, sidings, rail connections, intermodal yards, and other rail-related improvements that spur economic development and job growth. The DOT administers a program for the granting and administration of applicable loans and grants, and may establish a limit on the amount that may be awarded for any given project in order to maximize the use of the moneys in the fund. This bill adds transload facilities and railroad bridges to the list of projects for which a grant may be awarded or a loan may be made.20A(1)(b).
Senate subcommittee
Named January 30, 2024. On March 6, 2024 it recommended passage. [].
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly