METROPOLITAN TRANSPORTATION AUTHORITY
Adjusted Executive Legislative
Approp. Request Approp.
1999-00 2000-01 2000-01 Change
CAPITAL PROJECTS
Capital Projects Fund 0 0 320,000,000 320,000,000
Total Contingency: 253,400,000 391,397,000 391,397,000 0
Total for CAPITAL PROJECTS:
253,400,000 391,397,000 711,397,000 320,000,000
LEGISLATIVE ACTION
The Legislature increases Capital Projects appropriation by
$320,000,000 to reflect the Metropolitan Transportation Authority
(MTA) first-year share of the proceeds from the Transportation
Infrastructure Bond Act of 2000 which will be placed before the voters
at the November, 2000 General Election. The new bond act will provide
the Authority with a total of $1.6 billion to help fund the MTA`s new
$17.1 billion five-year Capital Plan.
Article VII
The Legislature approves legislation necessary to authorize the
Transportation Infrastructure Bond Act of 2000 as well as the
legislation necessary to implement the Bond Act.
Legislative Additions
The Legislature provides funding for the following :
METROPOLITAN TRANSPORTATION AUTHORITY - BOND ACT.$320,000,000