Section 1 Short title
This Act may be cited as the “Modal Parity in Permitting Act”.
Modal Parity in Permitting Act
A BILL
To amend title 49, United States Code, to clarify the assistance available for recipients of assistance under chapter 53 of such title for acquisition of real property interests, and for other purposes.
Sec. 2 Acquisition of real property interests
In general— Section 5323(q) of title 49, United States Code, is amended—
in the heading by striking “Corridor preservation” and inserting “Real property interests”;
in paragraph (1) by striking “right-of-way” each time it appears and inserting “real property interests”;
by inserting “acquired” after “may use the”; and
in paragraph (2) by striking “Right-of-way” and inserting “Real property interests”.
Updates required— Not later than 6 months after the date of enactment of this Act the Administrator of the Federal Transit Administration shall update FTA Circular 5010.1F, or any successor circular or regulations, and any other necessary guidance necessary to implement the amendments made by subsection (a).
Sec. 3 Passenger rail project transactions
In general— Chapter 242 of title 49, United States Code, is amended by adding at the end the following:
“24203. Passenger rail project transactions
“(a) Real property interests—A recipient of financial assistance under chapter 229, 249, or 243 may use such assistance to acquire through purchase, lease, or otherwise secure or control real property interests before or during the completion of the environmental reviews for a project that may use such property interests if the acquisition or related transaction is otherwise permitted by Federal law.
“(b) Timing of development—A real property interest acquired, leased, or otherwise secured or controlled under subsection (a) may not be physically developed or improved in anticipation of the proposed project until all required environmental reviews for the project have been completed.”
Clerical amendment— The analysis for chapter 242 of title 49, United States Code, is amended by adding at the end the following: