Page:United States Statutes at Large Volume 119.djvu/1631

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1613

‘‘(2) FINANCING COSTS.— ‘‘(A) IN GENERAL.—The cost of carrying out part of a qualified project under paragraph (1) includes the amount of interest earned and payable on bonds issued by a State or local governmental authority, to the extent that proceeds of the bond are expended in carrying out that part. ‘‘(B) LIMITATION ON AMOUNT OF INTEREST.—The rate of interest under this paragraph may not exceed the most favorable rate reasonably available for the qualified project at the time of borrowing. ‘‘(C) CERTIFICATION.—The qualified participant shall certify, in a manner satisfactory to the Secretary, that the qualified participant has exercised reasonable diligence in seeking the most favorable interest rate. ‘‘(i) RELATIONSHIP TO OTHER LAWS.— ‘‘(1) SECTION 5307.—A qualified participant under this section shall be subject to the requirements of sections 5307 and 5333(a) to the extent the Secretary determines to be appropriate. ‘‘(2) OTHER REQUIREMENTS.—A qualified participant under this section shall be subject to any other requirements that the Secretary determines to be appropriate to carry out this section, including requirements for the distribution of proceeds on disposition of real property and equipment resulting from a qualified project assisted under this section. ‘‘(3) PROJECT MANAGEMENT PLAN.—If the amount of assistance anticipated to be required for a qualified project under this section is not less than $25,000,000— ‘‘(A) the qualified project shall, to the extent the Secretary considers appropriate, be carried out through a full funding grant agreement in accordance with section 5309(g); and ‘‘(B) the qualified participant shall prepare a project management plan in accordance with section 5327(a). ‘‘(j) ASSET MANAGEMENT.—The Secretary, in consultation with the Secretary of the Interior, may transfer the interest of the Department of Transportation in, and control over, all facilities and equipment acquired under this section to a qualified participant for use and disposition in accordance with any property management regulations that the Secretary determines to be appropriate. ‘‘(k) COORDINATION OF RESEARCH AND DEPLOYMENT OF NEW TECHNOLOGIES.— ‘‘(1) GRANTS AND OTHER ASSISTANCE.—The Secretary, in cooperation with the Secretary of the Interior, may undertake, or make grants, cooperative agreements, contracts (including agreements with departments, agencies, and instrumentalities of the Federal Government) or other agreements for research, development, and deployment of new technologies in eligible areas that will— ‘‘(A) conserve resources; ‘‘(B) prevent or mitigate adverse environmental impact; ‘‘(C) improve visitor mobility, accessibility, and enjoyment; and ‘‘(D) reduce pollution (including noise pollution and visual pollution). ‘‘(2) INFORMATION.—The Secretary may request and receive appropriate information from any source.

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