[Code of Federal Regulations]

[Title 49, Volume 4]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 49CFR268.7]



[Page 851]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 268_MAGNETIC LEVITATION TRANSPORTATION TECHNOLOGY DEPLOYMENT 

PROGRAM--Table of Contents

 

                           Subpart A_Overview

 

Sec. 268.7  Federal/State share and restrictions on the uses of Federal 

Maglev Funds.



    (a) Federal share. The Federal share of Full Projects Costs shall be 

not more than \2/3\, with the remaining \1/3\ paid by the grant 

recipient using non-Federal funds. Funds made available under STP and 

CMAQ are considered non-Federal funds for purposes of the matching 

requirement.

    (b) Restrictions on the uses of Federal Maglev Funds. (1) Federal 

Maglev Funds may be applied only to Eligible Project Costs;

    (2) Federal Maglev Funds provided under a preconstruction planning 

grant may be used only for Phase II activities, and for completion of 

site-specific draft EIS's; see Sec. 268.3;

    (3) Federal Maglev Funds may be used to pay for only \2/3\ of 

preconstruction planning costs; grant recipients are required to pay the 

remaining \1/3\ of the costs with non-Federal funds; and

    (4) The ``prevailing wages'' requirement of the Davis Bacon Act (40 

U.S.C. 276a-276a-5) applies to any construction contracts under the 

Maglev Deployment Program.



[[Page 852]]