(a)
Program— Not later than 1 year after the date of the enactment of this Act, the Secretary shall by regulation establish a program under which the Secretary shall provide competitive grants to eligible entities for use in carrying out eligible projects.
(b)
Grant requirements—
(1)
Amount— Except as provided in paragraph (5)(B)(i), a grant under this Act shall be in an amount that is not less than $10,000,000 and not greater than $200,000,000.
(2)
Geographical distribution; balance; investment— In providing grants under this Act, the Secretary shall take such measures as are necessary to ensure, to the maximum extent practicable—
(A)
an equitable geographical distribution of funds;
(B)
an appropriate balance in addressing the needs of urban and rural areas; and
(C)
investment in a variety of transportation modes.
(3)
Maximum percentage per State— Not more than 25 percent of the amounts made available to provide grants under this Act for a fiscal year may be provided for eligible projects in a State.
(4)
Federal share—
(A)
In general— Except as provided in paragraph (5)(B)(ii), the Federal share of the cost of carrying out any eligible project funded by a grant under this Act shall be, at the option of the eligible entity receiving the grant, up to 80 percent.
(B)
Priority— In providing grants under this Act, the Secretary shall give priority to eligible projects that require a contribution of Federal funds in order to complete an overall financing package for the eligible projects.
(5)
Eligible projects in rural areas—
(A)
In general— Not less than 20 percent of the amounts made available to provide grants under this Act for a fiscal year shall be provided for eligible projects located in rural areas.
(B)
Minimum grant amount; Federal share— With respect to an eligible project located in a rural area—
(i)
the minimum amount of a grant under this Act shall be $1,000,000; and
(ii)
the Secretary may increase the Federal share of the cost of carrying out the eligible project up to 100 percent.
(6)
Set-asides for certain costs, projects, and transfers— Of the amounts made available under this Act for a fiscal year, the Secretary may—
(A)
use an amount not to exceed $20,000,000 for grants that pay for the planning, preparation, or design of eligible projects; and
(B)
use an amount not to exceed $20,000,000 to fund the provision and oversight of grants under this Act, including transfers of funds from that amount to the Administrators of the Federal Highway Administration, the Federal Transit Administration, the Federal Railroad Administration, and the Maritime Administration to fund the provision and oversight of grants under this Act for eligible projects under the administrative jurisdiction of those agencies.
(c)
Selection among eligible projects—
(1)
Establishment— The Secretary shall establish criteria for use in selecting among eligible projects to receive funding under this Act.
(2)
Selection criteria—
(A)
Primary selection criteria— The Secretary shall select among eligible projects by evaluating the extent to which an eligible project provides significant benefits to a State, a metropolitan area, a region, or the United States, including the extent to which an eligible project—
(i)
improves the safety of transportation facilities and systems;
(ii)
improves the condition of existing transportation facilities and systems;
(iii)
contributes to economic competitiveness over the medium- to long-term;
(iv)
improves the environment, improves energy efficiency, reduces dependence on oil, or reduces greenhouse gas emissions; and
(v)
improves access to transportation facilities and systems.
(B)
Secondary selection criteria— In addition to considering the primary selection criteria described in subparagraph (A), the Secretary shall consider the extent to which a project—
(i)
uses innovative strategies or technologies to pursue any of those primary selection criteria; and
(ii)
demonstrates strong collaboration among a broad range of participants, or the integration of transportation with other public service efforts.
(d)
Application requirement— The Secretary shall require an analysis of project benefits and costs in each application for a construction grant under this Act.
(e)
Federal requirements— The following provisions of law shall apply to funds made available under this Act and eligible projects carried out using those funds:
(1)
Subchapter IV of chapter 31 of title 40, United States Code.
(f)
Transparency—
(1)
In general— The Secretary shall include in any notice of funding availability a full description of how applications will be evaluated against all selection criteria.
(2)
Consultations on decisions— After provision of grants and credit assistance under this Act for a fiscal year, the Secretary (or a designee) shall be available to meet with any applicant, at a time and place that is mutually acceptable to the Secretary and the applicant, to review the application of the applicant.