Sec. 31108. Authorization of grants for positive train control
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There shall be available from the Mass Transit Account of the Highway Trust Fund to carry out this section $199,000,000 for fiscal year 2016 to assist in financing the installation of positive train control systems. The amounts made available under subsection
(a)of this section may be used to assist in financing the installation of positive train control systems through— grants made under the rail safety technology grants program under section 20158 of title 49, United States Code; grants made under the consolidated rail infrastructure and safety improvements program under section 24408 of title 49, United States Code; and funding the cost, including the subsidy cost or cost of credit risk premiums, of direct loans and loan guarantees under sections 502 through 504 of the Railroad Revitalization and Regulatory Reform Act of 1976 ( 45 U.S.C. 801 et seq. ). The amounts made available under subsection
(a)of this section may be used only to assist a recipient of funds under chapter 53 of title 49, United States Code, through the programs described in subsection (b). The Secretary may withhold up to 1 percent from the amounts made available under subsection
(a)of this section for the costs of project management oversight of grants authorized under that subsection. Nothing in this section may be construed as authorizing the amounts appropriated under subsection
(a)to be used for any purpose other than financing the installation of positive train control systems. A grant, contract, direct loan, or loan guarantee that is approved by the Secretary and financed with amounts made available from the Mass Transit Account of the Highway Trust Fund under this section is a contractual obligation of the Government to pay the Government share of the cost of the project. Notwithstanding subsection (h), amounts made available under this section shall remain available until expended. The Secretary of Transportation shall provide the grants, direct loans, and loan guarantees under subsection
(b)by September 30, 2017.
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Sec. 31108
Authorization of grants for positive train control
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