[Code of Federal Regulations]

[Title 49, Volume 4]

[Revised as of October 1, 2006]

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

[CITE: 49CFR268.5]



[Page 866]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 268_MAGNETIC LEVITATION TRANSPORTATION TECHNOLOGY DEPLOYMENT 

 

                           Subpart A_Overview

 

Sec.  268.5  Federal funding sources for the Maglev Deployment Program.



    (a) Federal Maglev Funds. Section 322 of Title 23 provides for the 

following funds for the Maglev Deployment Program:

    (1) Contract authority. Fifty-five million has been made available 

for the Maglev Deployment Program as contract authority from the Highway 

Trust Fund for Fiscal Years 1999 through 2001; this would be used to 

fund the competition in all its phases and could also be used for final 

design, engineering, and construction activities of the selected 

project. Of the $55 million, the Congress has made available up to $15 

million for Fiscal Year 1999, up to $15 million for Fiscal Year 2000, 

and $25 million for Fiscal Year 2001.

    (2) Authorization for appropriations. Nine hundred fifty million, 

also from the Highway Trust Fund, has been authorized to be appropriated 

for the Maglev Deployment Program for Fiscal Years 2000 through 2003. Of 

the $950 million, $200 million is authorized to be appropriated for each 

of Fiscal Years 2000 and 2001, $250 million for Fiscal Year 2002, and 

$300 million for Fiscal Year 2003. Any decision to proceed with possible 

Federal funding of the construction of a Maglev system will be 

contingent upon the receipt of appropriations, and upon completion of 

appropriate environmental documentation.

    (b) Other Federal funds. Section 322 of Title 23 provides that the 

portion of the Maglev project not covered by Federal Maglev Funds may be 

covered by any non-Federal funding sources--including private (debt and/

or equity), State, local, regional, and other public or public/private 

entities--as well as by Federally-provided STP and CMAQ funds, and by 

other forms of financial assistance made available under title 23 and 

TEA 21, such as loans and loan guarantees.

    (c) Costs Incurred in Advance of Cooperative Agreement. Certain 

costs incurred in advance of the execution of a cooperative agreement 

between FRA and the grantee for pre-construction planning but after 

enactment of TEA 21 (June 9, 1998) will be eligible for reimbursement, 

but such costs are allowable only to the extent that they are otherwise 

allowable under the terms of a fully executed cooperative agreement.