H.R. 3854 (112th): Transit Related Investment Improvement Act of 2012

112th Congress, 2011–2013. Text as of Jan 31, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 3854

IN THE HOUSE OF REPRESENTATIVES

January 31, 2012

introduced the following bill; which was referred to the Committee on Transportation and Infrastructure

A BILL

To amend title 23, United States Code, to help leverage private investment for transit oriented development near transit stations.

1.

Short title

This Act may be cited as the Transit Related Investment Improvement Act of 2012.

2.

Amendments to the Transportation Infrastructure Finance and Innovation Act

Chapter 6 of title 23, United States Code is amended—

(1)

in section 601(a)(8)—

(A)

by striking and at the end of subparagraph (C);

(B)

by striking the period at the end of subparagraph (D) and inserting ; and;

(C)

by adding after subparagraph (D) the following new subparagraph:

(E)

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.

; and

(2)

in section 602(a)(3), by inserting after subparagraph (B) the following new subparagraph:

(C)

Other projects

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.

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