USRC Funding Eligibility Act

Bill: 118-s-5090
Sponsor: full_name: Sen. Van Hollen, Chris [D-MD]
Introduced: 2024-09-18
Policy area: Transportation and Public Works
Latest action: action_date: 2024-09-18
text: Read twice and referred to the Committee on Commerce, Science, and Transportation.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 5090 IN THE SENATE OF THE UNITED STATES September 18, 2024 Mr. Van Hollen introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To make the Union Station Redevelopment Corporation eligible to receive certain grants, and for other purposes.

1. Short titles This Act may be cited as the Union Station Redevelopment Corporation Funding Eligibility Act or the USRC Funding Eligibility Act . 2. Eligibility of Union Station Redevelopment Corporation to receive certain grants (a) Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grants (1) Eligibility The Union Station Redevelopment Corporation shall be eligible to receive grants under the program for national infrastructure investments (commonly known as the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant program and formerly known as the Better Utilizing Investments to Leverage Development (BUILD) grant program ) carried out by the Department of Transportation. (2) Federal share The Federal share of a grant under the program described in paragraph (1) to the Union Station Redevelopment Corporation shall be 100 percent. (b) National infrastructure project assistance grants Section 6701 of title 49, United States Code, is amended— (1) in subsection (a)(2)— (A) in subparagraph (G) by striking and at the end; (B) in subparagraph (H), by striking (G) and inserting (H) ; (C) by redesignating subparagraph (H) as subparagraph (I); and (D) by inserting after subparagraph (G) the following: (H) Union Station Redevelopment Corporation; and ; and (2) in subsection (i) by adding at the end the following: (4) Exception Notwithstanding paragraph (1), the total amount awarded for a project under the program awarded to the entity described in subsection (a)(2)(H) shall be 100 percent of the total eligible project costs described in subsection (h). . (c) Consolidated rail infrastructure and safety improvement grants Section 22907 of title 49, United States Code, is amended— (1) in subsection (b), by adding at the end the following: (14) The Union Station Redevelopment Corporation. ; and (2) in subsection (h)(2), by inserting , except that with respect to the entity described in subsection (b)(14), the Federal share shall be 100 percent before the period. (d) Federal-State partnership for intercity passenger rail grants Section 24911 of title 49, United States Code, is amended— (1) in subsection (a)(1)— (A) in subparagraph (G) by striking or at the end; (B) by redesignating subparagraph (H) as subparagraph (I); (C) in subparagraph (I), as redesignated, by striking (G) and inserting (H) ; and (D) by inserting after subparagraph (G) the following: (H) the Union Station Redevelopment Corporation; or ; and (2) in subsection (f), by adding at the end the following: (4) Exception The total amount awarded for a project under the program awarded to the entity described in subsection (a)(1)(H) shall be 100 percent. .