Sec. 30016. STATE OF GOOD REPAIR GRANTS
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## SEC. 30016 STATE OF GOOD REPAIR GRANTS Section 5337 of title 49, United States Code, is amended by adding at the end the following: > > ### “(f) Competitive Grants for Rail Vehicle Replacement > > > #### “(1) In general > > The Secretary may make grants under this subsection to assist State and local governmental authorities in financing capital projects for the replacement of rail rolling stock. > > > #### “(2) Grant requirements > > Except as otherwise provided in this subsection, a grant under this subsection shall be subject to the same terms and conditions as a grant under subsection (b). > > > #### “(3) Competitive process > > The Secretary shall solicit grant applications and make not more than 3 new awards to eligible projects under this subsection on a competitive basis each fiscal year. > > > #### “(4) Consideration > > In awarding grants under this subsection, the Secretary shall consider— > > > ##### “(A) > > the size of the rail system of the applicant; > > > ##### “(B) > > the amount of funds available to the applicant under this subsection; > > > ##### “(C) > > the age and condition of the rail rolling stock of the applicant that has exceeded or will exceed the useful service life of the rail rolling stock in the 5-year period following the grant; and > > > ##### “(D) > > whether the applicant has identified replacement of the rail vehicles as a priority in the investment prioritization portion of the transit asset management plan of the recipient pursuant to part 625 of title 49, Code of Federal Regulations (or successor regulations). > > > #### “(5) Maximum share of competitive grant assistance > > The amount of grant assistance provided by the Secretary under this subsection, as a share of eligible project costs, shall be not more than 50 percent. > > > #### “(6) Government share of cost > > The Government share of the cost of an eligible project carried out under this subsection shall not exceed 80 percent. > > > #### “(7) Multi-year grant agreements > > > ##### “(A) In general > > An eligible project for which a grant is provided under this subsection may be carried out through a multi-year grant agreement in accordance with this paragraph. > > > ##### “(B) Requirements > > A multi-year grant agreement under this paragraph shall— > > > ###### “(i) > > establish the terms of participation by the Federal Government in the project; and > > > ###### “(ii) > > establish the maximum amount of Federal financial assistance for the project that may be provided through grant payments to be provided in not more than 3 consecutive fiscal years. > > > ##### “(C) Financial rules > > A multi-year grant agreement under this paragraph— > > > ###### “(i) > > shall obligate an amount of available budget authority specified in law; and > > > ###### “(ii) > > may include a commitment, contingent on amounts to be specified in law in advance for commitments under this paragraph, to obligate an additional amount from future available budget authority specified in law. > > > ##### “(D) Statement of contingent commitment > > A multi-year agreement under this paragraph shall state that the contingent commitment is not an obligation of the Federal Government.” > .