49 U.S.C. § 22104 — State rail plan financing

submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 284 words · no verdicts yet

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Each state automatically gets $36,000 a year for rail planning or eligible projects. States must apply by the start of the fiscal year, or within 60 days if funding was authorized late. Unused money reverts to the Secretary after three extra months.

(a) Entitlement and Uses On the first day of each fiscal year, every State is entitled to $36,000 from the funds made available under section 22108 that year. A State can use this money either (1) to build, update, revise, or change the State rail plan required by section 22102, or (2) to carry out projects described in section 22101(a)(1), (2), or (3) — whichever the State chooses — as long as those projects meet the requirements of section 22101(c)(1)(B). (b) Applications Each State must apply for this money by the first day of the fiscal year the funds are available for. But if the law authorizing appropriations for this chapter has not been enacted by that first day, the State instead has 60 days after that authorizing law is enacted to apply. Within 60 days of getting an application, the Secretary of Transportation must review it and tell the State whether it is approved or denied. (c) Availability of Amounts Money provided under this section stays available for a State to commit for the first three months after the fiscal year ends. Any money a State did not apply for, or that is still uncommitted after those first three months, becomes available to the Secretary for other projects that meet this chapter's requirements.

the actual law source: uscode.house.gov ↗public domain

(a)Entitlement and Uses.—

On the first day of each fiscal year, each State is entitled to $36,000 of the amounts made available under section 22108 1 of this title during that fiscal year to be used—

(1)

to establish, update, revise, and modify the State plan required by section 22102 of this title; or

(2)

to carry out projects described in section 22101(a)(1), (2), or (3) of this title, as designated by the State, if those projects meet the requirements of section 22101(c)(1)(B) of this title.

(b)Applications.—

Each State must apply for amounts under this section not later than the first day of the fiscal year for which the amounts are available. However, for any fiscal year for which the authorization of appropriations for financial assistance under this chapter has not been enacted by the first day of the fiscal year, the State must apply for amounts under this section not later than 60 days after the date of enactment of a law authorizing the appropriations for that fiscal year. Not later than 60 days after receiving an application, the Secretary of Transportation shall consider the application and notify the State of the approval or disapproval of the application.

(c)Availability of Amounts.—

Amounts provided under this section remain available to a State for obligation for the first 3 months after the end of the fiscal year for which the amounts were made available. Amounts not applied for under this section or that remain unobligated after the first 3 months after the end of the fiscal year for which the amounts were made available are available to the Secretary for projects meeting the requirements of this chapter.

Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 896.)

history & why it existsrecord from the source credit

1994Enacted · Pub. L. 103-272 · 108 Stat. 896

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.

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