A. In each annual budget request prepared by the corporation commission, ten per cent, but not more than two hundred thousand dollars, of the total amount approved for the same year by the federal highway administration for railroad – highway projects within this state under the provisions of the federal highway acts of 1973 and 1976, and subsequent acts, shall be set aside from the general or any other fund for the installation of automatic warning signals or devices or the upgrading of existing warning signals or devices at public railroad grade crossings. Such appropriation shall be used exclusively for the ten per cent required under the federal highway acts of 1973 and 1976, and subsequent acts, for railroad – highway projects approved for federal funding in any year under such acts.

Terms Used In Arizona Laws 40-337.02

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Commission: means the corporation commission. See Arizona Laws 40-201
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Railroad: includes every railway, other than a street railroad, operated for public transportation of persons or property. See Arizona Laws 40-201

B. Funds appropriated pursuant to this section shall be available for allocation and expenditure without regard to fiscal years.

C. Funds appropriated pursuant to this section shall be in addition to any funds appropriated for the purposes of Section 40-337.01.

D. The corporation commission shall in its request for such funds, provide a full report of accomplishments for the previous year and an accounting of all funds not utilized from previous appropriations.

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