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Committee pauses action on $825,000 transit match-and-loan proposal after policy questions
Summary
Senate Bill 195, a proposal to create revolving loans and grants to help public transit providers meet federal match requirements, received testimony from statewide transit providers but was deferred for further work; the Bureau of Finance and Management raised questions about program design and administration.
Senate Bill 195 would create a program to provide revolving loans and grants to public transit providers so they can qualify for federal operating and capital grants that require local matching funds. The Joint Appropriations Committee heard extensive proponent testimony but deferred action to a later date.
Senator Randy Deibert, the bill’s sponsor, said state seed money for matching or loan funds leverages federal transit dollars at roughly 5-to-1 or 10-to-1 rates depending on the federal match requirement. “We take this money, and we get a higher return on it, and we help public…
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