A bill to provide relief to public transportation agencies with projects in the Full Funding Grant Agreement stage of the Capital Investment Grants Program.
This bill requires the Department of Transportation (DOT), at the request of a project sponsor, to provide an additional 30% of total projects costs for any project in the full funding grant agreement stage of the fixed guideway capital investment grant program. DOT must allow a project sponsor to defer payment of the non-federal share for projects that receive additionally funding in accordance with the bill. Additionally, the federal share payable of the costs of a project that receives additional funding may not exceed 80%.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Transportation and Public Works
Public transitTransportation programs funding
A bill to provide relief to public transportation agencies with projects in the Full Funding Grant Agreement stage of the Capital Investment Grants Program.
USA117th CongressS-837| Senate
| Updated: 3/18/2021
This bill requires the Department of Transportation (DOT), at the request of a project sponsor, to provide an additional 30% of total projects costs for any project in the full funding grant agreement stage of the fixed guideway capital investment grant program. DOT must allow a project sponsor to defer payment of the non-federal share for projects that receive additionally funding in accordance with the bill. Additionally, the federal share payable of the costs of a project that receives additional funding may not exceed 80%.