Page:United States Statutes at Large Volume 121.djvu/1779

 121 STAT. 1758

PUBLIC LAW 110–140—DEC. 19, 2007

for the grant containing such information as the Secretary of Transportation may require. (2) COMPETITIVE SELECTION.—The Secretary of Transportation shall conduct a national solicitation for applications for grants under this section and shall select grantees on a competitive basis. (e) FEDERAL SHARE.—The Federal share of the cost of a project under this section shall not exceed 80 percent of the project cost. (f) REPORT.—Not later than 3 years after the date of enactment of this Act, the Secretary of Transportation shall submit to Congress a report on the results of the pilot program carried out under this section. (g) AUTHORIZATION OF APPROPRIATIONS.—There is authorized to be appropriated to the Secretary of Transportation $10,000,000 for each of the fiscal years 2008 through 2011 to carry out this section. Such funds shall remain available until expended. SEC. 1112. CAPITAL GRANTS FOR CLASS II AND CLASS III RAILROADS.

(a) AMENDMENT.—Chapter 223 of title 49, United States Code, is amended to read as follows: ‘‘CHAPTER 223—CAPITAL GRANTS FOR CLASS II AND CLASS III RAILROADS ‘‘Sec. ‘‘22301. Capital grants for class II and class III railroads.

dkrause on GSDDPC44 with PUBLAW

‘‘§ 22301. Capital grants for class II and class III railroads ‘‘(a) ESTABLISHMENT OF PROGRAM.— ‘‘(1) ESTABLISHMENT.—The Secretary of Transportation shall establish a program for making capital grants to class II and class III railroads. Such grants shall be for projects in the public interest that— ‘‘(A)(i) rehabilitate, preserve, or improve railroad track (including roadbed, bridges, and related track structures) used primarily for freight transportation; ‘‘(ii) facilitate the continued or greater use of railroad transportation for freight shipments; and ‘‘(iii) reduce the use of less fuel efficient modes of transportation in the transportation of such shipments; and ‘‘(B) demonstrate innovative technologies and advanced research and development that increase fuel economy, reduce greenhouse gas emissions, and lower the costs of operation. ‘‘(2) PROVISION OF GRANTS.—Grants may be provided under this chapter— ‘‘(A) directly to the class II or class III railroad; or ‘‘(B) with the concurrence of the class II or class III railroad, to a State or local government. ‘‘(3) STATE COOPERATION.—Class II and class III railroad applicants for a grant under this chapter are encouraged to utilize the expertise and assistance of State transportation agencies in applying for and administering such grants. State transportation agencies are encouraged to provide such expertise and assistance to such railroads.

VerDate Aug 31 2005

07:12 Jan 26, 2009

Jkt 059194

PO 00002

Frm 00466

Fmt 6580

Sfmt 6581

M:\STATUTES\2007\59194PT2.001

APPS10

PsN: 59194PT2

�