141 
‘‘(2) withhold a reasonable amount of funds 
under this section for administration of the program, 
but not to exceed $25,000,000 per year; 
‘‘(3) devise a methodology for the size of 
awards under this program based on an applicant’s 
share of the Federal transportation allocated or for-
mula funding, subject to the provision in paragraph 
(4); 
‘‘(4) make awards of no less than $50,000,000, 
except that this paragraph shall not apply to awards 
made to a Tribal government or a U.S. territory; 
and 
‘‘(5) in awarding funds under this section 
(other than under subsection (j)), ensure an appro-
priate balance in addressing the needs of urban and 
rural communities. 
‘‘(f) ELIGIBLE ACTIVITIES.—Funds provided under 
this program shall be used for capital or planning expenses 
for— 
‘‘(1) highway or bridge projects eligible for 
funding under title 23, United States Code (includ-
ing bicycle and pedestrian-related projects); 
‘‘(2) public transportation projects eligible for 
funding under chapter 53 of title 49, United States 
Code; 
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‘‘(3) passenger and freight rail transportation 
projects; 
‘‘(4) maritime port infrastructure investments 
eligible for funding under chapter 503 of title 46; 
‘‘(5) domestic short sea shipping projects eligi-
ble for funding under chapter 556 of title 46; and 
‘‘(6) intermodal projects combining any of the 
above. 
‘‘(g) CRITERIA FOR GRANT SELECTION.—In award-
ing a grant under this subsection, the Secretary shall con-
sider the extent to which the application— 
‘‘(1) demonstrates the greatest performance as 
well as applicants that have made the greatest 
progress in implementing the best practices listed in 
subsection (b); 
‘‘(2) promotes National transportation prior-
ities, including— 
‘‘(A) reducing transportation fatalities and 
serious injuries; 
‘‘(B) strengthening economic competitive-
ness, including multimodal goods movement and 
coordination of transportation and economic de-
velopment investments; 
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‘‘(C) improving the state of repair of the 
transportation system and enhancing commu-
nity adaptability and resilience; 
‘‘(D) enhancing community health and im-
proving quality of life by increasing access to 
active transportation infrastructure, jobs and 
essential services, particularly for under-served 
populations; 
‘‘(E) improving asset performance by re-
ducing congestion through demand management 
strategies, particularly strategies that curb de-
mand for single occupancy vehicle travel; 
‘‘(F) improving the efficiency of project de-
velopment and system performance and reduc-
ing the cost of projects and maintenance of the 
transportation system; and 
‘‘(G) adoption of laws, regulations, and 
practices that have been demonstrated to re-
duce energy use, improve air and water quality, 
reduce or mitigate stormwater impacts, promote 
long-term management of stormwater from sur-
face transportation assets, reduce greenhouse 
gas emissions, improve community adaptability 
and resilience, encourage groundwater recharge, 
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enhance community health and quality of life, 
and expand transportation choices; and 
‘‘(3) meets other criteria the Secretary requires. 
‘‘(h) FUNDING.— 
‘‘(1) AUTHORIZED FUNDING.—There is author-
ized to be appropriated for each of fiscal years 2015 
through 2018 to carry out this section— 
‘‘(A) $500,000,000 from the Highway Ac-
count of the Transportation Trust Fund; and 
‘‘(B) $500,000,000 from the Mass Transit 
Account of the Transportation Trust Fund. 
‘‘(2) OBLIGATION.— 
‘‘(A) IN GENERAL.—The funds authorized 
by paragraph (1) shall be— 
‘‘(i) available for obligation on Octo-
ber 1 of the fiscal year for which they are 
authorized; 
‘‘(ii) available for obligation for a pe-
riod of 3 years after the last day of the fis-
cal year for which the funds are author-
ized; and 
‘‘(iii) subject to the limitation on obli-
gations under subparagraph (B). 
‘‘(B) OBLIGATION LIMITATION.—Notwith-
standing any other provision of law, in each of 
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fiscal years 2015 through 2018, obligations for 
the program under this section shall not ex-
ceed— 
‘‘(i) $1,000,000,0000; plus 
‘‘(ii) any amount remaining available 
for obligation under the program from 
prior fiscal years. 
‘‘(3) FEDERAL SHARE.—The Federal share for 
projects funded under this section may be up to 100 
percent. 
‘‘(i) TRANSFER
AUTHORITY.—Funds authorized 
under this section may be transferred within the Depart-
ment and administered in accordance with the require-
ments of title 23 or 49 of the United States Code applica-
ble to the agency to which the funds are transferred and 
any other requirements applicable to the project. 
‘‘(j) METROPOLITAN MOBILITY PROGRAM.— 
‘‘(1) ESTABLISHMENT.—The Secretary shall es-
tablish a metropolitan mobility program under this 
subsection. 
‘‘(2) RESERVATION OF FUNDS.—The Secretary 
shall reserve up to $1,000,000,000 made available 
under this section over the period of fiscal years 
2015 through 2018 for the program under this sub-
section. Any funds reserved under this paragraph 
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and not allocated under paragraph (3) shall be avail-
able for the FAST Grant Program. 
‘‘(3) ALLOCATION OF FUNDS.— 
‘‘(A) AMOUNT
AVAILABLE
FOR
ALLOCA-
TION.— 
‘‘(i) IN
GENERAL.—The amount of 
funding available to be allocated under this 
subsection for a fiscal year for use in an 
urbanized area with a population over 
200,000 individuals shall be— 
‘‘(I) $250,000,000; multiplied by 
‘‘(II) the ratio that— 
‘‘(aa) the population of such 
urbanized area; bears to 
‘‘(bb) the total population of 
all urbanized areas with popu-
lations of over 200,000 individ-
uals. 
‘‘(ii) ADJUSTMENTS TO AMOUNTS.— 
Notwithstanding clause (i), the Secretary 
shall adjust the amounts determined under 
clause (i) as follows: 
‘‘(I) MINIMUM
AMOUNT.—The 
amount available to be allocated under 
this subsection for a fiscal year for 
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148 
‘‘(II) in which the urbanized area 
was not served by a high performing 
metropolitan planning organization. 
‘‘(4) ELIGIBLE USES OF FUNDS.—Funds pro-
vided under this subsection may be used— 
‘‘(A) for any project or activity eligible 
under title 23; 
‘‘(B) for any project or activity eligible 
under chapter 53, title 49 ; or 
‘‘(C) notwithstanding any other provision 
of law, to pay the non-Federal share of the cost 
of any project or activity funded under chapter 
53 or 56 of this title or under title 23. 
‘‘(5) HIGH PERFORMING METROPOLITAN PLAN-
NING ORGANIZATION DEFINED.—In this subsection, 
the term ‘high performing metropolitan planning or-
ganization’ means a metropolitan planning organiza-
tion that the Secretary has designated as high per-
forming under section 134(r) of title 23 or section 
5303(r) of this title.’’. 
(b) CONFORMING AMENDMENT.—The analysis of 
subtitle III of title 49, United States Code, is amended 
by inserting the following after the item relating to chap-
ter 55: 
‘‘56. 21st Century Infrastructure investments ........................................ 5601.’’. 
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149 
SEC. 1402. TRANSPORTATION INFRASTRUCTURE FINANCE 
AND INNOVATION ACT OF 1998 AMENDMENTS. 
(a) DEFINITIONS.— 
(1) MASTER
CREDIT
AGREEMENTS.—Section 
601(a)(10) of title 23, United States Code, is 
amended to read as follows: 
‘‘(10) MASTER CREDIT AGREEMENT.—The term 
‘master credit agreement’ means a conditional agree-
ment to extend credit assistance for a program of re-
lated projects secured by a common security pledge 
(which shall receive an investment grade rating from 
a rating agency) prior to the Secretary entering into 
such 
master 
credit 
agreement 
under 
section 
602(b)(2)(A), or for a single project covered under 
section 602(b)(2)(B) that does not provide for a cur-
rent obligation of Federal funds and that would— 
‘‘(A) make contingent commitments of 1 or 
more secured loans or other Federal credit in-
struments at future dates, subject to the avail-
ability of future funds being made available to 
carry out this chapter and subject to the satis-
faction of all the conditions for the provision of 
credit assistance under this chapter, including 
section 603(b)(1); 
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‘‘(B) establish the maximum amounts and 
general terms and conditions of the secured 
loans or other Federal credit instruments; 
‘‘(C) identify the 1 or more dedicated non- 
Federal revenue sources that will secure the re-
payment of the secured loans or secured Fed-
eral credit instruments; 
‘‘(D) provide for the obligation of funds for 
the secured loans or secured Federal credit in-
struments after all requirements have been met 
for the projects subject to the master credit 
agreement, including— 
‘‘(i) completion of an environmental 
impact statement or similar analysis re-
quired under the National Environmental 
Policy Act of 1969 (42 U.S.C. 4321 et 
seq.); 
‘‘(ii) compliance with such other re-
quirements as are specified in this chapter, 
including sections 602(c) and 603(b)(1); 
and 
‘‘(iii) the availability of funds to carry 
out this chapter; and 
‘‘(E) require that contingent commitments 
result in a financial close and obligation of 
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credit assistance not later than 3 years after 
the date of entry into the master credit agree-
ment, or release of the commitment, unless oth-
erwise extended by the Secretary.’’. 
(2) RURAL INFRASTRUCTURE PROJECT.—Sec-
tion 601(a)(15) of title 23, United States Code, is 
amended to read as follows: 
‘‘(15) RURAL
INFRASTRUCTURE
PROJECT.— 
The term ‘rural infrastructure project’ means a sur-
face infrastructure project located outside of a Cen-
sus Bureau-defined urbanized area.’’. 
(b) 
MASTER
CREDIT
AGREEMENTS.—Section 
602(b)(2) of title 23, United States Code is amended to 
read as follows: 
‘‘(2) MASTER CREDIT AGREEMENTS.— 
‘‘(A) PROGRAM OF RELATED PROJECTS.— 
The Secretary may enter into a master credit 
agreement for a program of related projects se-
cured by a common security pledge on terms 
acceptable to the Secretary. 
‘‘(B) ADEQUATE
FUNDING
NOT
AVAIL-
ABLE.—If the Secretary fully obligates funding 
to eligible projects in a fiscal year, and ade-
quate funding is not available to fund a credit 
instrument, a project sponsor of an eligible 
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project may elect to enter into a master credit 
agreement and wait to execute a credit instru-
ment until the fiscal year during which addi-
tional funds are available to receive credit as-
sistance.’’. 
(c) APPLICATION PROCESSING PROCEDURES.—Sec-
tion 602(d)(2) of title 23, United States Code is amended 
to read as follows: 
‘‘(2) APPROVAL OR DENIAL OF APPLICATION.— 
Not later than 60 days after the date of issuance of 
the written notice of a complete application under 
paragraph (1), the Secretary shall provide to the ap-
plicant a written notice informing the applicant 
whether the Secretary has approved or disapproved 
the application.’’. 
(d) AGREEMENTS.—Section 603(a)(1)(D) of title 23, 
United States Code, is amended to read as follows: 
‘‘(D) to refinance long-term project obliga-
tions or Federal credit instruments, if the refi-
nancing provides additional demonstrated fund-
ing capacity for the completion, enhancement, 
or expansion of any project that— 
‘‘(i) is selected under section 602; or 
‘‘(ii) otherwise meets the requirements 
of section 602.’’. 
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(e) LIMITATION ON REFINANCING OF INTERIM CON-
STRUCTION FINANCING.—Section 603(a)(2) of title 23, 
United States Code, is amended to read as follows: 
‘‘(2) LIMITATION ON REFINANCING OF INTERIM 
CONSTRUCTION
FINANCING.—A loan under para-
graph (1) shall not refinance interim construction fi-
nancing under paragraph (1)(B): 
‘‘(A) if the maturity of such interim con-
struction financing is later than one year after 
the substantial completion of the project, and 
‘‘(B) later than one year after the date of 
substantial completion of the project.’’. 
(f) PROGRAM ADMINISTRATION.—Section 605 of title 
23, United States Code, is amended by inserting at the 
end the following: 
‘‘(f) REDUCING BURDEN ON SMALL PROJECTS.— 
The Secretary may use up to $5,000,000 of funds made 
available to carry out this chapter in a fiscal year in lieu 
of fees collected under subsection (b) for projects under 
this chapter having eligible project costs that are reason-
ably anticipated not to equal or exceed $75,000,000.’’. 
(g) FUNDING.— 
(1) Section 608(a) of title 23, United States 
Code, is amended— 
(A) by striking paragraph (4); and 
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(B) by renumbering paragraphs (5) and 
(6) as (4) and (5), respectively. 
(2) Section 608(a)(6) of title 23, United States 
Code, is amended to read as follows: 
‘‘(6) ADMINISTRATIVE COSTS.—Of the amounts 
made available to carry out this chapter, the Sec-
retary may use not more than $10,000,000 in fiscal 
year 2015, $12,000,000 in fiscal year 2016, 
$14,000,000 in fiscal year 2017, and $15,000,000 in 
fiscal year 2018 for the administration of this chap-
ter.’’. 
SEC. 1403. RAILROAD REHABILITATION AND IMPROVE-
MENT FINANCING. 
(a) DEFINITIONS.—Section 501 of the Railroad Revi-
talization and Regulatory Reform Act of 1976 (45 U.S.C. 
821) is amended by inserting at the end the following: 
‘‘(9) The term ‘railroad’ means a railroad car-
rier as that term is defined in section 20102 of title 
49, United States Code.’’. 
(b) GENERAL AUTHORITY.—Section 502(a) of the 
Railroad Revitalization and Regulatory Reform Act of 
1976 (45 U.S.C. 822(a)) is amended— 
(1) by striking paragraph (5) and inserting the 
following: 
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‘‘(5) joint ventures that include at least one of 
the entities described in paragraphs (1) through (4) 
or paragraph (6) of this section; and’’; 
(2) in paragraph (6), by striking ‘‘second’’ and 
‘‘that is served by no more than a single railroad’’; 
and 
(3) in paragraph (6), by striking ‘‘limited op-
tion rail freight shippers’’ and inserting ‘‘limited op-
tion freight shippers’’. 
(c) ELIGIBLE PURPOSES.—Section 502(b) of the 
Railroad Revitalization and Regulatory Reform Act of 
1976 (45 U.S.C. 822(b)) is amended— 
(1) in paragraph (1)(A), by striking ‘‘shops’’ 
and inserting ‘‘shops, inclusive of costs related to 
these activities, but not operating expenses’’; and 
(2) in paragraph (1)(B), by striking ‘‘subpara-
graph (A)’’ and inserting ‘‘subparagraph (A) or 
(C)’’. 
(d) INFRASTRUCTURE PARTNERS.—Section 502(f) of 
the Railroad Revitalization and Regulatory Reform Act of 
1976 (45 U.S.C. 822(f)) is amended— 
(1) in paragraph (1)— 
(A) by inserting ‘‘including modifications 
thereto’’ after ‘‘1990’’; 
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(B) by inserting ‘‘and modification costs’’ 
after ‘‘premiums’’ in the first sentence; and 
(C) by inserting ‘‘or modification’’ after 
‘‘application’’ at the end of the first sentence; 
(2) in paragraph (3), by inserting ‘‘, and in the 
case of a modification, before the modification is ex-
ecuted’’ after ‘‘amounts’’; and 
(3) by striking paragraph (4). 
(e) CONDITIONS OF ASSISTANCE.—Section 502(h) of 
the Railroad Revitalization and Regulatory Reform Act of 
1976 (45 U.S.C. 822(h)) is amended— 
(1) in paragraph (2)— 
(A) by striking ‘‘project’’ and inserting 
‘‘project, if applicable’’; 
(B) by striking ‘‘(2)’’ and inserting 
‘‘(2)(A)’’; and 
(C) by inserting at the end the following: 
‘‘(B) The Secretary may subordinate rights 
of the Secretary under any provision of title 49 
or title 23 of the United States Code, to the 
rights of the Secretary under this section and 
section 503 of this Act.’’; and 
(2) by inserting the following after subpara-
graph (3)(B): 
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‘‘(4) The Secretary shall not provide assistance 
under this section exceeding 80 percent of the rea-
sonably 
anticipated 
eligible 
project 
costs 
on 
projects— 
‘‘(A) that receive a loan for which the Gov-
ernment pays the cost as defined by section 502 
of the Federal Credit Reform Act; and 
‘‘(B) with total eligible project costs esti-
mated to exceed $100,000,000.’’. 
(f) MODIFICATIONS.—Section 503(c) of the Railroad 
Revitalization and Regulatory Reform Act of 1976 (45 
U.S.C. 823(c)) is amended— 
(1) in paragraph (1), by striking ‘‘and’’ from 
the end; 
(2) in paragraph (2), by striking the period and 
inserting ‘‘; and’’; and 
(3) by adding the following after paragraph (2) 
the following: 
‘‘(3) the modification cost has been covered 
pursuant to section 502(f).’’. 
(g) 
EVALUATION, 
AWARD
AND
OVERSIGHT 
CHARGES.—Section 503 of the Railroad Revitalization 
and Regulatory Reform Act of 1976 (45 U.S.C. 823) is 
amended by striking subsection (k) and inserting the fol-
lowing: 
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‘‘(k) CHARGES.— 
‘‘(1) PURPOSE.—The Secretary may collect 
from each applicant a reasonable charge for— 
‘‘(A) the cost of evaluating the application, 
amendments, modifications, and waivers includ-
ing appraisal of the value of the equipment or 
facilities for which the direct loan or loan guar-
antee is sought, and for making necessary de-
terminations and findings; 
‘‘(B) the cost of award and project man-
agement oversight; 
‘‘(C) the cost of services from expert firms, 
including counsel, in the field of railroad, mu-
nicipal and project finance, to assist in the un-
derwriting, auditing, servicing and exercise of 
rights with respect to direct loans and loan 
guarantees; and 
‘‘(D) the cost of all other expenses in-
curred as a result of a breach of any term or 
condition or any event of default on a direct 
loan. 
‘‘(2) AMOUNT.—A charge under this subsection 
shall not exceed one percent of the principal amount 
requested in the application. The Secretary shall 
prescribe standards for applying the charges to en-
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Puerto Rico highway program under section 
165 of such title— 
(i) $190,000,000 for fiscal year 2015; 
(ii) $194,000,000 for fiscal year 2016; 
(iii) $198,000,000 for fiscal year 
2017; and 
(iv) $202,000,000 for fiscal year 
2018. 
(G) SAFETY
OUTREACH, TRAINING, AND 
EDUCATION ACTIVITIES.—$3,000,000 for each 
of fiscal years 2015 through 2018 for safety 
outreach, training, and education activities. 
(H) JOBS-DRIVEN
SKILLS
AND
OPPOR-
TUNITY PROGRAMS.—$100,000,000 in each of 
fiscal years 2015 through 2018, of which— 
(i) $30,000,000 for each such fiscal 
year shall be for the jobs-driven skills 
training program under section 140(b) of 
such title (as added by section 1208 of this 
Act); and 
(ii) $70,000,000 for each such fiscal 
year shall be for the connection to oppor-
tunity pilot program under section 134(q) 
of such title and section 5303(q) of title 
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