Sec. 3011. Rapid Growth Area Transit Program
232 words·~1 min read·
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Chapter 53 of title 49, United States Code, is amended by inserting at the end the following: The Secretary may make grants on a competitive basis to State and local governmental entities for bus rapid transit projects, which may include acquisition of right-of-way or land for purposes of future enhancements to public transportation in the project corridor. Such projects shall serve a high-traffic transportation artery located in an urbanized or rural area that— has experienced moderate to significant population growth between the 2000 and 2010 decennial census of population; and has a transit system in revenue service that— has experienced a moderate to significant increase in ridership; and has the financial capacity to pay operating expenses for the existing system and an expanded system.
A grant for a bus rapid transit project financed from amounts made available to carry out this section shall be for up to 50 percent of the net capital costs of the project. Up to 30 percent of the net project costs may be derived from the Surface Transportation Program and the Congestion Mitigation and Air Quality Improvement Program. The remainder of the net capital project cost shall be provided from an undistributed cash surplus, a replacement or depreciation cash fund or reserve, or new capital. .
The analysis for chapter 53 is amended by inserting at the end the following: 5341. Rapid Growth Area Transit Program. .