Section 1 Short title
This Act may be cited as the “High Speed Rail Corridor Development Act of 2021”.
High Speed Rail Corridor Development Act of 2021
A BILL
To reauthorize the high-speed rail corridor development program, and for other purposes.
Sec. 2 High-speed rail corridor development
Competitive Grant Selection and Criteria for Grants— Section 26106(e) of title 49, United States Code, is amended—
by striking paragraph (2)(C)(i)(IV) and inserting the following:
“(IV) environmental benefits, including projects that involve the purchase of environmentally sensitive, fuel-efficient or electrified next generation, and cost-effective passenger rail equipment;”
by adding at the end the following:
“(5) Priority—In awarding grants under the program, the Secretary shall give priority to an application that provides for a greater non-Federal share of the cost of a project relative to other applications.”
Set-Aside for projects with certain non-Federal share— Section 26106(f) of title 49, United States Code, is amended—
by striking “The Federal share” and inserting the following:
“(1) In general—The Federal share”
by adding at the end the following:
“(2) Set-aside—In carrying out this section, the Secretary shall set aside for each fiscal year 50 percent of the funds made available to carry out this section for projects with a Federal share that does not exceed 50 percent of the project net capital cost.”
Authorization of Appropriations— Section 26106(h) of title 49, United States Code, is amended to read as follows:
“(h) Authorization of Appropriations—There are authorized to be appropriated to the Secretary to carry out this section—
“(1) $8,000,000,000 for fiscal year 2022;
“(2) $8,000,000,000 for fiscal year 2023;
“(3) $8,000,000,000 for fiscal year 2024; and
“(4) $8,000,000,000 for fiscal year 2025.”