Sec. 30013. ADMINISTRATIVE PROVISIONS

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## SEC. 30013 ADMINISTRATIVE PROVISIONS Section 5334(h)(4) of title 49, United States Code, is amended— ####

(1)by redesignating subparagraphs

(B)and

(C)as subparagraphs

(C)and (D), respectively; and ####

(2)by inserting after subparagraph

(A)the following: > > ##### “(B) Reimbursement > > > ###### “(i) Fair market value of less than $5,000 > > With respect to rolling stock and equipment with a unit fair market value of $5,000 or less per unit and unused supplies with a total aggregate fair market value of $5,000 or less that was purchased using Federal financial assistance under this chapter, the rolling stock, equipment, and supplies may be retained, sold, or otherwise disposed of at the end of the service life of the rolling stock, equipment, or supplies without any obligation to reimburse the Federal Transit Administration. > > > ###### “(ii) Fair market value of more than $5,000 > > > ###### “(I) In general > > With respect to rolling stock and equipment with a unit fair market value of more than $5,000 per unit and unused supplies with a total aggregate fair market value of more than $5,000 that was purchased using Federal financial assistance under this chapter, the rolling stock, equipment, and supplies may be retained or sold at the end of the service life of the rolling stock, equipment, or supplies. > > > ###### “(II) Reimbursement required > > If rolling stock, equipment, or supplies described in subclause

(I)is sold, of the proceeds from the sale— > > > ###### “(aa) > > the recipient shall retain an amount equal to the sum of— > > > ###### “(AA) > > $5,000; and > > > ###### “(BB) > > of the remaining proceeds, a percentage of the amount equal to the non-Federal share expended by the recipient in making the original purchase; and > > > ###### “(bb) > > any amounts remaining after application of item

(aa)shall be returned to the Federal Transit Administration. > > > ###### “(iii) Rolling stock and equipment retained > > Rolling stock, equipment, or supplies described in clause

(i)or

(ii)that is retained by a recipient under those clauses may be used by the recipient for other public transportation projects or programs with no obligation to reimburse the Federal Transit Administration, and no approval of the Secretary to retain that rolling stock, equipment, or supplies is required.” > .