Interstate Ferry Fairness Act
A BILL
To amend title 23, United States Code, so that a privately or majority-privately owned ferry or ferry terminal facility is an eligible entity for purposes of participation in the Ferry Boat Program, and for other purposes.
Sec. 2 Amendment to allow privately owned ferries and ferry terminal facilities to be eligible for Ferry Boat Program
“(i) classified as a public road within the State and which has not been designated as a route on the Interstate System or on a public transit ferry eligible under chapter 53 of title 49; or
“(ii) between 2 adjoining States and that connects one or more public roads.
“(B) Projects under this subsection may be eligible for both ferry boats carrying cars and passengers and ferry boats carrying passengers only.”
“(i) publicly owned or operated;
“(ii) majority publicly owned, if the Secretary determines with respect to such majority publicly owned ferry or ferry terminal facility that the ferry boat or ferry terminal facility provides substantial public benefits; or
“(iii) with respect to a ferry that operates between 2 adjoining States or a ferry terminal facility that supports such a ferry, privately owned or majority privately owned, if the Secretary determines with respect to such ferry or ferry terminal facility that the ferry boat or ferry terminal facility provides substantial public benefits or otherwise meets the foremost needs of the surface transportation system described in section 101(b)(3)(D).”
“(ii) Federal participation may involve the construction or purchase, for private ownership, of—
“(I) a ferry boat that operates between 2 adjoining States; or
“(II) a ferry terminal facility or any other eligible project under this section that supports such ferry boat.”
“(B) A privately owned or majority privately owned ferry operating between 2 adjoining States may charge a fare for passage on such ferry in an amount not more than the sum of an amount necessary to produce revenues sufficient to cover actual and necessary costs of operation, maintenance, repair, debt service, negotiated management fees, plus an amount that the Secretary determines is a reasonable rate of return for the ferry. All revenues derived therefrom shall be applied to such actual and necessary costs, except the ferry may retain the amount that the Secretary determines is a reasonable rate of return.”
“(B) ferry boats and terminal facilities that are eligible for funding under section 129(c);”