1597-1598 Nyland General Assembly

[Flo]

High Speed Rail Act
Assembly Bill 1597.001
Drafted by: Marshall Steenman (CSC), Henriette Anhuos (CSC), Andrew Jeurgen (CSC) Submitted by: Submit Date: Hearing Date: Revision Date: Summary: This bill secures the funding for construction of a $750B high speed railway network across Nyland. It also establishes the Nyland High Speed Rail Authority to manage and run the network prior to and after completion. Section I: High Speed Rail THIS LEGISLATURE SHALL APPROVE THE FUNDING TO PLAN, CONSTRUCT, AND OPERATE A HIGH SPEED RAIL NETWORK ACROSS THE NATION OF NYLAND. Section II: Nyland HSR Authority THE CREATION OF A HIGH SPEED RAIL COMPANY (NYLAND HSR AUTHORITY) SHALL BE AUTHORIZED TO MANAGE AND RUN THE NETWORK AND ENSURE IT PERFORMS ITS DUTIES TO THE CITIZENS OF NYLAND. THE NYLAND HSR AUTHORITY WILL ALSO MANAGE THE CONSTRUCTION PROCESS ON BEHALF OF THE LEGISLATURE. Section III: Time Table THE NETWORK WILL BE COMPLETED AND READY FOR SERVICE BY THE BEGINNING OF THE YEAR 1625. SERVICE CAN BEGIN PRIOR TO 1625 IF LINES ARE FINISHED. Section IV: Amount THE APPROVED FUNDING FOR THIS INITIATIVE WILL BE 750 BILLION DOLLARS. THIS AMOUNT IS THE REQUESTED MAXIMUM TOTAL ALLOTMENT FROM THIS AND ANY FUTURE YEARS' BUDGETS. THERE IS A LEGAL GUARANTEE THAT THIS FUNDING WILL BE AVAILABLE. FUNDING WILL BE DISPENSED EACH YEAR BASED ON A PLAN SUBMITTED TO THE ASSEMBLY BY THE NYLAND HSR AUTHORITY. SHOULD ADDITIONAL FUNDING BE REQUIRED TO COMPLETE THE PROJECT, THE ASSEMBLY MUST APPROVE IT AFTER REVIEWING THE CIRCUMSTANCES INVOLVED TO CREATE ADDITIONAL FUNDING NEEDS AND DECIDING WHETHER ADDITIONAL FUNDING IS REQUIRED.(Amendment, Kow - MCN