Florida Senate - 2017                                     SB 752
       By Senator Flores
       39-00615A-17                                           2017752__
    1                        A bill to be entitled                      
    2         An act relating to financing of fixed-guideway public
    3         transit projects; amending s. 341.051, F.S.; revising
    4         the amount of funding the Department of Transportation
    5         may provide for certain phases of fixed-guideway
    6         projects not approved for federal funding; providing
    7         an effective date.
    9  Be It Enacted by the Legislature of the State of Florida:
   11         Section 1. Paragraph (a) of subsection (5) of section
   12  341.051, Florida Statutes, is amended to read:
   13         341.051 Administration and financing of public transit and
   14  intercity bus service programs and projects.—
   16         (a) The department may fund up to 50 percent of the
   17  nonfederal share of the costs, not to exceed the local share, of
   18  any eligible public transit capital project or commuter
   19  assistance project that is local in scope.; except, However,
   20  such funding and that departmental participation in the final
   21  design, right-of-way acquisition, and construction phases of an
   22  individual fixed-guideway project that which is not approved for
   23  federal funding shall not exceed 25 an amount equal to 12.5
   24  percent of the total cost of each phase.
   26  For purposes of this section, the term “net operating costs”
   27  means all operating costs of a project less any federal funds,
   28  fares, or other sources of income to the project.
   29         Section 2. This act shall take effect July 1, 2017.