H. R. 3854
IN THE HOUSE OF REPRESENTATIVES
January 31, 2012
Mr. Peters introduced the following bill; which was referred to the Committee on Transportation and Infrastructure
To amend title 23, United States Code, to help leverage private investment for transit oriented development near transit stations.
This Act may be cited as the
Transit Related Investment Improvement
Act of 2012.
Amendments to the Transportation Infrastructure Finance and Innovation Act
Chapter 6 of title 23, United States Code is amended—
in section 601(a)(8)—
and at the end of subparagraph (C);
by striking the
period at the end of subparagraph (D) and inserting
by adding after subparagraph (D) the following new subparagraph:
a project to improve or construct public infrastructure located within ½ mile of the station area of a fixed guideway transit facility that includes improvements to mobility and parking, rehabilitation or construction of streets, transit stations, structured parking, walkways and bikeways, or other costs eligible under joint development guidelines, as determined by the Administrator of the Federal Transit Administration.
in section 602(a)(3), by inserting after subparagraph (B) the following new subparagraph:
In the case of a project eligible under subparagraph 601(a)(8)(E), eligible project costs shall be reasonably anticipated to equal or exceed $10,000,000.