Page:United States Statutes at Large Volume 88 Part 1.djvu/781

 88 STAT. ]

PUBLIC LAW 93-383-AUG. 22, 1974

(c)(1) The second sentence of section 1404(b) of such Act is amended— (A) by striking out "within forty-eight hours" where it first appears and inserting in lieu thereof "until midnight of the third business day following the consummation of the transaction"; and (B) by striking out all after "provide" and inserting in lieu thereof a period. (2) The amendments made by paragraph (1) shall be effective sixty days after the date of the enactment of this Act.

737 is use 1703.

Effective date 15 USC 1703 note.

MASS TRANSPORTATION

SEC. 813. (a) Section 3 of the Urban Mass Transportation Act of 49 USC 1602. 1964 is amended by adding at the end thereof the following new subsection: "(f) No Federal financial assistance under this Act may be provided for the purchase of buses unless the applicant or any public body receiving such assistance for the purchase of buses, or any publicly owned operator receiving such assistance, shall as a condition of such assistance enter into an agreement with the Secretary that such public body, or any operator of mass transportation for such public body, will not engage in charter bus operations outside the urban area within which it provides regularly scheduled mass transportation service, except as provided in the agreement authorized by this subsection. Such agreement shall provide for fair and equitable arrangements, appropriate in the judgment of the Secretary, to assure that the financial assistance granted under this Act will not enable public bodies and publicly and privately owned operators for public bodies to foreclose private operators from the intercity charter bus industry where such private operators are willing and able to provide such service. In addition to any other remedies specified in the agreement, the Secretary shall have the authority to bar a grantee or operator from the receipt of further financial assistance for mass transportation facilities and equipment where he determines that there has been a continuing pattern of violations of the terms of agreement. Upon receiving a complaint regarding an alleged violation, the Secretary shall investigate and shall determine whether a violation has occurred. Upon determination that a violation has occurred, he shall take appropriate action to correct the violation under the terms and conditions of the agreement.". (b) Section 164(a) of the Federal-Aid Highway Act of 1973 is ^9 USC i602a. amended— (1) by inserting "or" before " (2) " in the first sentence; (2) by striking out "or (3) the Urban Mass Transportation Act of 1964," in the first sentence; and (3) by striking out all after the word "operations" in the first sentence and all of the second sentence, and inserting in lieu thereof "outside of the urban area (or areas) within which it provides regularly scheduled mass transportation service, except as provided in an agreement authorized and required by section 3(f) of the Urban Mass Transportation Act of 1964, which section shall apply to Federal financial assistance for the purchase of buses under the provisions of title 23, United States Code, referred ^^ ^^^ ^°^ ^' to in clauses (1) and (2) of this sentence." ^^'^' (c) The Secretary shall amend any agreements entered into pur- ^^\l ^^'^ i602a suant to section 164(a) of the Federal-Aid Highway Act of 1973, to conform to the requirements of the amendments made by this section. The effective date of such conformed agreements shall be the effective date of the original agreements entered into pursuant to such section 164(a).

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