Page:United States Statutes at Large Volume 112 Part 1.djvu/383

 PUBLIC LAW 105-178-JUNE 9, 1998 112 STAT. 357 "(2) SUPPLEMENTAL REPORT ON NEW STARTS.—The Secretary shall submit a report to Congress on the 31st day of August of each year that describes the Secretary's evaluation and rating of each project that has completed alternatives analysis or preliminary engineering since the date of the last report. The report shall include all relevant information that supports the evaluation and rating of each project, including a summary of each project's financial plan. "(3) ANNUAL GAO REVIEW.— The General Accounting Office shall— "(A) conduct an annual review of— "(i) the processes and procedures for evaluating and rating projects and recommending projects; and "(ii) the Secretary's implementation of such processes and procedures; and "(B) shall report to Congress on the results of such review by April 30 of each year.". (j) PROJECT DEFINED.— Section 5309 is amended by adding at the end the following: "(p) PROJECT DEFINED. —In this section, the term 'project' means, with respect to a new fixed guideway system or extension to an existing fixed guideway system, a minimum operable segment of the project.". SEC. 3010. DOLLAR VALUE OF MOBILITY IMPROVEMENTS. 49 USC 5309 (a) IN GENERAL.—The Secretary shall not consider the dollar value of mobility improvements, as specified in the report required under section 5309(o) (as added by this Act), in evaluating projects under section 5309 of title 49, United States Code, in developing regulations, or in carrying out any other duty of the Secretary. (b) STUDY. — (1) IN GENERAL. — The Comptroller General shall conduct a study of the dollar value of mobility improvements and the relationship of mobility improvements to the overall transportation justification of a new fixed guideway system or extension to an existing system. (2) REPORT. — Not later than January 1, 2000, the Secretary shall transmit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on the results of the study under paragraph (1), including an analysis of the factors relevant to determining the dollar value of mobility improvements. SEC. 3011. LOCAL SHARE. 49 USC 5307 (a) IN GENERAL.— Notwithstanding any other provision of law, for fiscal years 1999 through 2003, a recipient of assistance under section 5307 or 5309 of title 49, United States Code, may use, as part of the local matching funds for a capital project (as defined in section 5302(a) of title 49, United States Code), the proceeds from the issuance of revenue bonds. (b) MAINTENANCE OF EFFORT. —The Secretary shall approve of the use of the proceeds from the issuance of revenue bonds for the remainder of the net project cost (as defined in section 5302(a) of title 49, United States Code) only if the aggregate amount of financial support for mass transportation in the urbanized area from the State and affected local governmental authorities during the next 3 fiscal years, as programmed in the State Transportation

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