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Rail News: High-Speed Rail
12/3/2009
Rail News: High-Speed Rail
Florida lawmakers discussing high-speed funding during special session
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Today, the Florida legislature began a special session to discuss high-speed and passenger-rail funding. The session will run through Dec. 11.
During the session, state lawmakers will consider legislation relating to:
• the Florida Department of Transportation’s authority to acquire, own, construct, operate, market, promote, maintain and manage existing and new passenger-rail corridors;
• creating the Florida Rail Enterprise within FDOT to oversee and manage the development and operations of state-owned passenger-rail systems;
• creating a statewide passenger-rail commission within FDOT to monitor the efficiency, productivity and management of all publicly funded passenger-rail systems, and to advise the department and legislature on policies and strategies relating to state-owned passenger-rail systems;
• addressing the allocation and assumption of risks associated with state-owned passenger-rail corridors;
• authorizing FDOT to purchase insurance and establish a self-retention fund to insure against liability risks associated with state-owned passenger-rail corridors; and
• providing for the allocation of increased revenues to the State Transportation Trust Fund.
During the session, state lawmakers will consider legislation relating to:
• the Florida Department of Transportation’s authority to acquire, own, construct, operate, market, promote, maintain and manage existing and new passenger-rail corridors;
• creating the Florida Rail Enterprise within FDOT to oversee and manage the development and operations of state-owned passenger-rail systems;
• creating a statewide passenger-rail commission within FDOT to monitor the efficiency, productivity and management of all publicly funded passenger-rail systems, and to advise the department and legislature on policies and strategies relating to state-owned passenger-rail systems;
• addressing the allocation and assumption of risks associated with state-owned passenger-rail corridors;
• authorizing FDOT to purchase insurance and establish a self-retention fund to insure against liability risks associated with state-owned passenger-rail corridors; and
• providing for the allocation of increased revenues to the State Transportation Trust Fund.