S.Amdt. 1924
What it does: Adds Sec. __. (a) Facilitation of Additional Improvements to Alameda Corridor, California.--Notwithstanding any other provision of law, for the purpose of assisting in the development, construction, and financing of additional improvements to the Alameda Corridor, California, including construction of a truck expressway or other enhancements, the Secretary of Transportation shall modify the loan agreement entered into with the Alameda Corridor Transportation Authority pursuant to the Omnibus Consolidated Appropriations Act, 1997 (Public Law 104-208) to revise the interest rate to an interest rate equal to the average yield, as of the date of the modification of the loan agreement, on marketable Treasury securities of similar maturity to the expected remaining average life of the loan at the appropriate place in title I
Sen. Dianne Feinstein (D-CA)What it changes
1 change to H.R. 2989
Adds Sec. __. (a) Facilitation of Additional Improvements to Alameda Corridor, California.--Notwithstanding any other provision of law, for the purpose of assisting in the development, construction, and financing of additional improvements to the Alameda Corridor, California, including construction of a truck expressway or other enhancements, the Secretary of Transportation shall modify the loan agreement entered into with the Alameda Corridor Transportation Authority pursuant to the Omnibus Consolidated Appropriations Act, 1997 (Public Law 104-208) to revise the interest rate to an interest rate equal to the average yield, as of the date of the modification of the loan agreement, on marketable Treasury securities of similar maturity to the expected remaining average life of the loan at the appropriate place in title I
Adds a sectionInserted: Sec. __. (a) Facilitation of Additional Improvements to Alameda Corridor, California.--Notwithstanding any other provision of law, for the purpose of assisting in the development, construction, and financing of additional improvements to the Alameda Corridor, California, including construction of a truck expressway or other enhancements, the Secretary of Transportation shall modify the loan agreement entered into with the Alameda Corridor Transportation Authority pursuant to the Omnibus Consolidated Appropriations Act, 1997 (Public Law 104-208) to revise the interest rate to an interest rate equal to the average yield, as of the date of the modification of the loan agreement, on marketable Treasury securities of similar maturity to the expected remaining average life of the loan.
Inserted: (b) Treatment.--Notwithstanding any other provision of law, the modification under subsection (a) shall be eligible under section 184 of title 23, United States Code, and shall be funded under section 188 of such title.
Inserted: (c) Additional Modifications.--The Secretary may further revise the interest rate under the loan agreement referred to in subsection (a), or any other term of the loan agreement, if the marginal budgetary cost, if any, of such modification does not exceed $80,000,000 and is funded under section 188 of title 23, United States Code.
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Original wording
At the appropriate place in title I, insert the following:
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As printed
SA 1924. Mrs. FEINSTEIN submitted an amendment intended to be proposed by her to the bill H.R. 2989, making appropriations for the Departments of Transportation and Treasury, and independent agencies for the fiscal year ending September 30, 2004, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place in title I, insert the following:
Sec. __. (a) Facilitation of Additional Improvements to Alameda Corridor, California.--Notwithstanding any other provision of law, for the purpose of assisting in the development, construction, and financing of additional improvements to the Alameda Corridor, California, including construction of a truck expressway or other enhancements, the Secretary of Transportation shall modify the loan agreement entered into with the Alameda Corridor Transportation Authority pursuant to the Omnibus Consolidated Appropriations Act, 1997 (Public Law 104-208) to revise the interest rate to an interest rate equal to the average yield, as of the date of the modification of the loan agreement, on marketable Treasury securities of similar maturity to the expected remaining average life of the loan.
(b) Treatment.--Notwithstanding any other provision of law, the modification under subsection (a) shall be eligible under section 184 of title 23, United States Code, and shall be funded under section 188 of such title.
(c) Additional Modifications.--The Secretary may further revise the interest rate under the loan agreement referred to in subsection (a), or any other term of the loan agreement, if the marginal budgetary cost, if any, of such modification does not exceed $80,000,000 and is funded under section 188 of title 23, United States Code.
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Senate amendment submitted
October 23, 2003