Laserfiche WebLink
Page 3 of 3 <br /> <br /> REPORT ID: CELEG3 LEGISLATIVE TRACKING PAGE: 2 <br /> BILLS AND RESPONSE DETAIL RU <br /> DATIVal <br /> TIME: 1C <br /> Ab <br /> <br /> BILLS SENT DUE DATE SUBJECT PRIORITY RECOMMENDATION <br /> <br /> COMMENTS: ENGROSSED BILL CONTAINS MAJOR CHANGES FROM BILL AS <br /> INTRODUCED: <br /> DEFINES LEVEL OF LOTTERY BONDING AT $100 MILLION (AS <br /> ANTICIPATED); <br /> ADDS CONCEPT OF "LOANS" AND SPECIFIES THAT 60% OF <br /> PROCEEDS BE FOR "GRANTS" AND 40% FOR "LOANS"; <br /> ALLOWS "PRIVATE ENTITIES WITH ANNUAL OREGON REVENUES OF <br /> LESS THAN $40 MILLION" TO RECEIVE GRANTS AND LOANS (AS <br /> OPPOSED TO ONLY PUBLIC BODIES BEING ELIGIBLE; <br /> REMOVES REQUIREMENTS THAT AT LEAST 10% OF PROCEEDS BE <br /> USED FOR EACH ALLOWABLE MODE (AIR, MARINE, PUBLIC <br /> TRANSIT, RAIL); <br /> ADDS GEOGRAPHIC FUNDING REQUIREMENTS (15% TO EACH <br /> CONGRESSIONAL DISTRICT); <br /> REMOVES REQUIREMENT THAT APPLICANTS MUST MATCH AT LEAST <br /> 20% OR SHOW HARDSHIP REASONS; <br /> GIVES ADDED WEIGHT TO FREIGHT/SHIPPING BENEFITS; <br /> RENAMES FUND AS "MULTIMODAL TRANSPORTATION FUND". <br /> <br /> CHANGES THAT MAY DECREASE THE VALUE OF THIS LEGISLATION <br /> FOR THE CITY OF EUGENE INCLUDE LIMITING GRANTS TO 60% <br /> OF TOTAL AND ALLOWING PRIVATE ENTITIES TO COMPETE FOR <br /> FUNDING. <br /> ADDED WEIGHT FOR FREIGHT/SHIPPING WOULD SEEM TO <br /> DIMINISH LIKELIHOOD THAT FUNDS WOULD FLOW TO PASSENGER <br /> RAIL. <br /> <br /> THE GEOGRAPHIC DISTRIBUTION OF FUNDS ~LAY ADDRESS <br /> CONCERNS THAT MOST OF THE MONEY WOULD WIND UP IN THE <br /> PORTLAND METRO AREA. TO THE EXTENT THAT EUGENE COULD <br /> DEVELOP/SUSTAIN GOOD WORKING PARTNERSHIPS WITH OTHER <br /> PUBLIC AGENCIES AND PRIVATE ENTITIES, SOME CONCERNS <br /> ABOUT THE AVAILABILITY OF FUNDING TO IMPORTANT LOCAL <br /> PROJECTS MAY BE MITIGATED. <br /> <br /> A MONITOR POSITION INDICATES THAT EUGENE IS WILLING TO <br /> CONSIDER INFRASTRUCTURE IMPROVEMENTS THAT FURTHER SOUND <br /> ECONOMIC DEVELOPMENT AND IS NOT POSITIONING ITSELF IN <br /> OPPOSITION TO THE CONCEPT (I.E., THAT IF SOME VERSION <br /> OF THIS LEGISLATION PASSES WE WOULD EXPECT TO WORK WITH <br /> OUR REGIONAL PARTNERS TO ENSURE THAT A REASONABLE <br /> PORTION OF THE FUNDS ARE SPENT WISELY IN THIS AREA). <br /> <br />http://ceonline/celeg/reports/BillsDetail.asp 6/2/2005 <br /> <br /> <br />