Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Maximum Economic Growth for America
through Investment in Rural, Elderly, and Disabled Transit Act'' or the
''MEGA RED TRANS Act''.

SEC. 2. MINIMUM LEVEL OF FUNDING FOR ELDERLY AND DISABLED PROGRAM.

Section 5310 of title 49, United States Code, is amended--
(1) in subsection (b), in the first sentence, by striking
the period at the end and inserting the following: '', provided
that, for fiscal years 2004, 2005, and 2006, each State shall
receive annually, of the amounts apportioned under this
section, a minimum of double the amount apportioned to the
State in fiscal year 2003 or $1,000,000, whichever is greater,
and that for fiscal years 2007, 2008, and 2009, each State
shall receive annually, of the amounts apportioned under this
section, a minimum equal to the minimum required to be
apportioned to the State for fiscal year 2006 plus $500,000.'';
and
(2) by adding at the end the following:
''(k) Amounts for Operating Assistance.--Amounts made available
under this section may be used for operating assistance.
''(l) Available Funds.--Notwithstanding any other provision of law,
of the aggregate amounts made available by and appropriated under this
chapter, the amount made available to provide transportation services
to elderly individuals and individuals with disabilities under this
section in each of the fiscal years 2004 through 2009, shall be not
less than the amount necessary to match the minimum apportionment
levels required by subsection (b).''.

SEC. 3. MINIMUM LEVEL OF FUNDING FOR RURAL PROGRAM.

Section 5311 of title 49, United States Code, is amended--
(1) in subsection (c), in the first sentence, by striking
the period at the end and inserting the following: '', provided
that none of the 50 States shall receive, from the amounts
annually apportioned under this section, an apportionment of
less than $5,000,000 for each of fiscal years 2004, 2005, and
2006, and $5,500,000 for each of fiscal years 2007, 2008, and
2009.''; and
(2) by adding at the end the following:
''(k) Amounts.--Notwithstanding any other provision of law, of the
aggregate amounts made available by and appropriated under this
chapter, the amount made available for the program established by this
section in each of fiscal years 2004 through 2009 shall be not less
than the sum of--
''(1) the amount made available for all States for such
purpose for fiscal year 2003; and
''(2)(A) for each of fiscal years 2004, 2005, and 2006, the
amount equal to the difference between $5,000,000 and the
apportionment for fiscal year 2003, for each of those
individual States that were apportioned less than $5,000,000
under this section for fiscal year 2003; or
''(B) for each of fiscal years 2007, 2008, and 2009, the
amount equal to the difference between $5,500,000 and the
apportionment for fiscal year 2003, for each of those
individual States that were apportioned less than $5,500,000
under this section for fiscal year 2003.''.

SEC. 4. ESSENTIAL BUS SERVICE.

(a) In General.--Chapter 53 of title 49, United States Code, is
amended by adding at the end the following:
''Sec. 5339. Essential bus service
''(a) In General.--The Secretary shall establish a program under
which States shall provide essential bus service between rural areas
and primary airports, as defined in section 47102, and between rural
areas and stations for intercity passenger rail service, and
appropriate intermediate or nearby points.
''(b) Eligible Activities.--Eligible activities under the program
established by this section shall include--
''(1) planning and marketing for intercity bus
transportation;
''(2) capital grants for intercity bus shelters, park and
ride facilities, and joint use facilities;
''(3) operating grants, including direct assistance,
purchase of service agreements, user-side subsidies,
demonstration projects, and other means; and
''(4) enhancement of connections between bus service and
commercial air passenger service and intercity passenger rail
service.
''(c) Availability of Funds.--Amounts made available pursuant to
this section shall remain available until expended.
''(d) Relationship to Section 5311.--Amounts for the program
established by this section shall be apportioned to the States in the
same proportion as amounts apportioned to the States under section
5311. Section 5311(j) applies to this section.
''(e) Funds.--Notwithstanding any other provision of law, of the
aggregate amounts made available by and appropriated under this
chapter--
''(1) for fiscal years 2004, 2005, and 2006, $30,000,000 of
the total for each fiscal year shall be for the implementation
of this section; and
''(2) for fiscal years 2007, 2008, and 2009, $35,000,000 of
the total for each fiscal year shall be for the implementation
of this section.''.
(b) Technical and Conforming Amendment.--The table of sections for
chapter 53 of title 49, United States Code, is amended by adding at the
end the following:

''5339. Essential bus service.''.

SEC. 5. MINIMUM LEVEL OF FUNDING FOR URBANIZED AREAS WITH A POPULATION
OF LESS THAN 200,000.

(a) Minimum Apportionment.--Section 5336(a)(1) of title 49, United
States Code, is amended by striking ''mile; and'' and inserting the
following: ''mile,
provided that the apportionments under this paragraph shall be
modified to the extent required so that urbanized areas that
are eligible under this paragraph and are located in a State in
which all urbanized areas in the State eligible under this
paragraph collectively receive apportionments totaling less
than $5,000,000 in any of fiscal years 2004, 2005, or 2006, or
less than $5,500,000 in any of fiscal years 2007, 2008, or
2009, shall each have their apportionments increased,
proportionately, to the extent that, collectively, all of the
urbanized areas in the State that are eligible under this
paragraph receive, of the amounts apportioned annually under
this paragraph, $5,000,000 for each of fiscal years 2004, 2005,
and 2006, and $5,500,000 for each of fiscal years 2007, 2008,
and 2009; and''.
(b) Funds.--Section 5307 of title 49, United States Code, is
amended by adding at the end the following:
''(o) Funds.--Notwithstanding any other provision of law, of the
aggregate amounts made available by and appropriated under this
chapter, in each of the fiscal years 2004 through 2009, the amount made
available for the program established by this section shall be not less
than the sum of--
''(1) the amount made available for such purpose for fiscal
year 2003; and
''(2) the amount equal to the sum of the increase in
apportionments for that fiscal year over fiscal year 2003, to
urbanized areas with a population of less than 200,000, in
affected States, attributable to the operation of section
5336(a)(1).''.

SEC. 6. LEVEL PLAYING FIELD FOR GOVERNMENT SHARE.

(a) In General.--Chapter 53 of title 49, United States Code, as
amended by this Act, is amended by adding at the end the following:
''Sec. 5340. Government share
''With respect to amounts apportioned or otherwise distributed for
fiscal year 2004 and each subsequent fiscal year, the Government share
of eligible transit project costs or eligible operating costs, shall be
the greater of--
''(1) the share applicable under other provisions of this
chapter; or
''(2) the share that would apply, in the State in which the
transit project or operation is located, to a highway project
under section 133 of title 23.''.
(b) Technical and Conforming Amendment.--The table of sections for
chapter 53 of title 49, United States Code, is amended by adding at the
end the following:

''5340. Government share.''.

SEC. 7. INTEREST CREDITED TO MASS TRANSIT ACCOUNT.

Section 9503(f)(2) of the Internal Revenue Code of 1986 (relating
to the Highway Trust Fund) is amended by striking the period at the end
and inserting the following: '', provided that after September 30,
2003, interest accruing on the balance in the Mass Transit Account
shall be credited to such account.''.
A:
Maximum Economic Growth for America through Investment in Rural, Elderly, and Disabled Transit Act (or the MEGA RED TRANS Act) - Amends Federal transportation law to set forth certain minimum funding levels of amounts made available from the Mass Transit Account of the Highway Trust Fund for: (1) formula grants and loans to States to provide mass transportation services to elderly individuals and individuals with disabilities and in non-urbanized areas; and (2) block grants to States for mass transportation service projects in urbanized areas with a population of less than 200,000.Establishes an essential bus service program under which States provide essential bus service between rural areas and primary airports, and between rural areas and stations for intercity passenger rail service, and appropriate intermediate or nearby points.Sets forth certain requirements regarding the Federal share of eligible project costs or eligible operating costs with respect to funds distributed for transit projects after FY 2004.Amends the Internal Revenue Code to require interest that is accrued on balances in the Mass Transit Account of the Highway Trust Fund to be credited to such account.