Page:United States Statutes at Large Volume 112 Part 1.djvu/391

 PUBLIC LAW 105-178—JUNE 9, 1998 112 STAT. 365 (b) FINANCIAL PLAN.— Section 5327 is amended by adding at the end the following: "(f) FINANCIAL PLAN.—^A recipient of financial assistance for a project under this chapter with an estimated total cost of $1,000,000,000 or more shall submit to the Secretary an annual financial plan for the project. The plan shall be based on detailed annual estimates of the cost to complete the remaining elements of the project and on reasonable assumptions, as determined by the Secretary, of future increases in the cost to complete the project.". SEC. 3025. ADMINISTRATIVE PROCEDURES. (a) TRAINING AND CONFERENCE COSTS.— Section 5334(a) is amended— (1) in paragraph (8) by striking "and" at the end; (2) in paragraph (9) by striking the period at the end and inserting "; and"; and (3) by adding at the end the following: "(10) collect fees to cover the costs of training or conferences, including costs of promotional materials, sponsored by the Federal Transit Administration to promote mass transportation and credit amounts collected to the appropriation concerned.". (b) TECHNICAL AMENDMENTS. — (1) SECTION HEADING.— The heading for section 5334 is amended by inserting "provisions" after "Administrative". (2) TABLE OF SECTIONS. — The item relating to section 5334 in the table of sections for chapter 53 is amended by inserting "provisions" after "Administrative". (c) PROCEEDS FROM SALE OF TRANSIT ASSETS.— Section 5334(g) is amended by adding at the end the following: "(4) PROCEEDS FROM THE SALE OF TRANSIT ASSETS.— "(A) IN GENERAL.—When real property, equipment, or supplies acquired with assistance under this chapter are no longer needed for mass transportation purposes as determined under the applicable assistance agreement, the Secretary may authorize the sale, transfer, or lease of the assets under conditions determined by the Secretary and subject to the requirements of this subsection. "(B) USE. —The net income from asset sales, uses, or leases (including lease renewals) under this subsection shall be used by the recipient to reduce the gross project cost of other capital projects carried out under this chapter. " (C) RELATIONSHIP TO OTHER AUTHORITY.— The authority of the Secretary under this subsection is in addition to existing authorities controlling allocation or use of recipient income otherwise permissible in law or regulation in effect prior to the date of enactment of this paragraph.". SEC. 3026. REPORTS AND AUDITS. (a) NATIONAL TRANSIT DATABASE.— Section 5335(a) is amended— (1) by striking "REPORTING SYSTEM AND UNIFORM SYSTEM OF ACCOUNTS AND RECORDS" and inserting "NATIONAL TRANSIT DATABASE"; and (2) in paragraph (1)— (A) by striking "by uniform categories," and inserting "using uniform categories"; and

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