2000 Green Book   [ Forward] [ Backward] [ Table of Contents ]

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           
                                                                               

2000 Green Book   [ Forward] [ Backward] [ Table of Contents ]

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