Page:United States Statutes at Large Volume 105 Part 3.djvu/238

 105 STAT. 2122 PUBLIC LAW 102-240—DEC. 18, 1991 "(10) FEDERAL SHARE.— The Federal share of the cost of construction of the project under this subsection shall be 80 percent of the net cost of the project. "(11) REPORT. —Not later than January 30, 1993, and annually thereafter, the Secretary shall transmit to (ingress a report on the progress and results of the project under this subsection.". SEC. 3031. NEW JERSEY URBAN CORE PROJECT. (a) CONTRACTUAL COMMITMENTS. — (1) FULL FUNDING GRANT AGREEMENT.— Not later than 90 days after the date of the enactment of this Act, the Secretary shall negotiate and enter into a full funding grant agreement under section 3 of the Federal Transit Act for those elements of the New Jersey Urban Core Project which can be fully funded in fiscal years 1992 through 1997. Such grant agreement shall not preclude the allocation of Federal funds for those elements of the project not covered under such grant agreement. (2) PAYMENT. —The grant agreement under paragraph (1) shall provide that the Federal share of the cost of the New Jersey Urban Core Project shall be paid by the Secretary from amounts provided under section 3 of the Federal Transit Act as follows: (A) Not less than $95,900,000 for fiscal year 1992. (B) Not less than $71,700,000 for fiscal year 1993. (C) Not less than $64,800,000 for fiscal year 1994. (D) Not less than $146,000,000 for fiscal year 1995. (E) Not less than a total of $256,000,000 for fiscal years 1996 and 1997. Nothing in this section shall be construed as precluding other Federal funds from being committed to the project. (b) NON-FEDERAL SHARE. —Notwithstanding any other provision of law, for the purpose of calculating non-Federal contributions to the net cost of the New Jersey Urban Core Project, the Secretary shall include all non-Federal contributions made on or after January 1, 1987, for construction of any element of the project. Non-Federal funds committed to one element of the project may be used to meet the non-Federal share requirement for any other element of the project. (c) EXEMPTION FROM CERTAIN REQUIREMENTS.—The requirements contained in section 3(i) of the Federal Transit Act (relating to criteria for new starts) shall not apply with respect to the New Jersey Urban Core Project; except that an alternative analysis and draft environmental impact statement shall be completed with respect to the Hudson River Waterfront element of the project and the Secretary shall approve the recommended locally preferred alternative for such element. No element of the project shall be subject to the major capital investment policy of the Federal Transit Administration. New York. (d) ELEMENTS OF URBAN CORE PROJECT.— For the purposes of this section, the New Jersey Urban Core Project consists of the following elements: Secaucus Transfer, Kearny Connection, Waterfront Connection, Northeast Corridor Signal System, Hudson River Waterfront Transportation System, Newark-Newark International Airport-Elizabeth Transit Link, a rail connection between Penn Station Newark and Broad Street Station, Newark, New York Penn Station Concourse, and the equipment needed to operate revenue service associated with improvements made by the project. The

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