Sec. 338. MULTI-YEAR CONTRACT FOR METRO RAIL PROJECT

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## SEC. 338 MULTI-YEAR CONTRACT FOR METRO RAIL PROJECT ###

(a)Supplemental EIS Not later than 10 days after the date of the enactment of this Act and in accordance with the National Environmental Policy Act of 1969, the Secretary shall begin the preparation of a supplemental environmental impact statement necessary as a result of alignment changes within the Minimum Operable Segment-2 portion of the Downtown Los Angeles to San Fernando Valley Metro Rail Project. The Secretary shall publish a notice of the completion of the final supplemental environmental impact statement in the Federal Register. If the Secretary has not published such notice within 5 months after the date of the enactment of this Act, the Secretary shall report to the Committee on Public Works and Transportation of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the status of the completion of such final supplemental environmental impact statement. The Secretary shall continue to report to those committees every 30 days on the status of the completion of the final supplemental environmental impact statement, including any proposed revisions to the statement, until a notice of the completion of such statement is published in the Federal Register. ###

(b)Amendment to Existing Contract Notwithstanding any other provision of law, not later than 30 days after the publication of a notice of completion of a final supplemental environmental impact statement under subsection (a), the Secretary shall— ####

(1)issue a record of decision which approves the construction of the locally preferred Minimum Operable Segment-2 alternative, and ####

(2)execute an amendment to the existing full-funding contract under section 3 of the Urban Mass Transportation Act of 1964 with the Southern California Rapid Transit District (or its successor) for the construction of Minimum Operable Segment-1 of such project, in order to include the construction of such Minimum Operable Segment-2 alternative in such contract. ###

(c)Payment of Federal Share ####

(1)Federal share The amended contract under subsection

(b)shall provide that the Federal share of the cost of construction of the Minimum Operable Segment-1 portion of the Downtown Los Angeles to San Fernando Valley Metro Rail Project shall be $605,300,000 and that the Federal share of the cost of construction of the Minimum Operable Segment-2 portion of such project shall be $667,000,000. ####

(2)Payment The amended contract under subsection

(b)shall provide that the Federal share of the cost of such project shall be paid by the Secretary from amounts provided under section 3 of the Urban Mass Transportation Act of 1964 for construction of new fixed guideway systems and extensions to fixed guideway systems, as follows: #####

(A)not to exceed $107,900,000 for fiscal year 1987; #####

(B)not to exceed $300,000,000 for fiscal years 1987 and 1988; #####

(C)not to exceed $490,000,000 for fiscal years 1987, 1988, and 1989; #####

(D)not to exceed $680,000,000 for fiscal years 1987, 1988, 1989 and 1990; and #####

(E)not to exceed $870,000,000 for fiscal years 1987, 1988, 1989, 1990, and 1991. ###

(d)Advance Construction ####

(1)Under the contract The amended contract under subsection

(b)shall provide that the Southern California Rapid Transit District (or successor) may construct any portion of the Downtown Los Angeles to San Fernando Valley Metro Rail Project in accordance with section 3(l) of the Urban Mass Transportation Act of 1964, except that such district (or successor) shall not be required to apply to and receive approval of the Secretary before carrying out any such construction. ####

(2)On mos–1 before execution of contract At any time after the date of the enactment of this section, the Southern California Rapid Transit District (or successor) may construct any portion of the Minimum Operable Segment-1 portion of such project in accordance with section 3(l) of the Urban Mass Transportation Act of 1964, except that such district (or successor) shall not be required to apply to and receive approval of the Secretary before carrying out any such construction. ####

(3)Reimbursement schedule The amended contract under subsection

(b)shall provide that the Secretary shall reimburse the Southern California Rapid Transit District (or successor), from any amounts provided under section 3 of the Urban Mass Transportation Act of 1964 for fiscal years 1992 through 1994, for the Federal share of the net project costs incurred by such district (or successor) under paragraphs

(1)and

(2)(including the amount of any interest earned and payable on bonds as provided in section 3(l)(2) of the Urban Mass Transportation Act of 1964), as follows: #####

(A)not later than September 30, 1992, the Secretary shall reimburse such district (or successor) a total of $467,100,000 (plus such interest), less amounts provided under subsection (c)(2) for fiscal years 1988 through 1990; #####

(B)not later than September 30, 1993, the Secretary shall reimburse such district (or successor) a total of $622,100,000 (plus such interest), less amounts provided under subsection (c)(2) for fiscal years 1988 through 1991; and #####

(C)not later than September 30, 1994, the Secretary shall reimburse such district (or successor) a total of $762,100,000 (plus such interest), less amounts provided under subsection (c)(2) for fiscal years 1988 through 1991. ####

(4)Delays in publication of notice of supplemental eis If the Secretary does not publish a notice of the completion of the final supplemental environmental impact statement in the Federal Register under subsection

(a)on or before September 30, 1988, each date or year listed in paragraph

(3)of this subsection shall be delayed one year. For each full year after such date in which such notice is not published, each such date or year shall be delayed one more year. * * * * * * *