1. Short title
This Act may be cited as the “Transit-Oriented Development Infrastructure Financing Act”.
Transit-Oriented Development Infrastructure Financing Act
A BILL
To expand project eligibility to certain public infrastructure projects under chapter 6 of title 23, United States Code.
2. Infrastructure finance
in subparagraph (C), by striking “and” at the end;
in subparagraph (D), by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(E) a project to improve or construct public infrastructure that is located within walking distance of and accessible to a fixed guideway transit facility, passenger rail station, intercity bus station, or intermodal facility, including transportation, public utility, and capital projects described in section 5302(3)(G)(v) of title 49, and related infrastructure.”
by striking “(B) Intelligent transportation system projects.—In the case” and inserting the following:
“(B) Exceptions
“(i) Intelligent transportation systems—In the case”
by adding at the end the following:
“(ii) Transit-oriented development projects—In the case of a project described in section 601(a)(12)(E), eligible project costs shall be reasonably anticipated to be equal to or exceed $10,000,000.”