§268.7. Federal/State share and restrictions on the uses of Federal Maglev Funds.
49 C.F.R. § 268.7
Federal share. The Federal share of Full Projects Costs shall be not more than 2/3, with the remaining 1/3 paid by the grant recipient using non-Federal funds. Funds made available under STP and CMAQ are considered non-Federal funds for purposes of the matching requirement.
Restrictions on the uses of Federal Maglev Funds.
Federal Maglev Funds may be applied only to Eligible Project Costs;
Federal Maglev Funds provided under a preconstruction planning grant may be used only for Phase II activities, and for completion of site-specific draft EIS's; see § 268.3;
Federal Maglev Funds may be used to pay for only 2/3 of preconstruction planning costs; grant recipients are required to pay the remaining 1/3 of the costs with non-Federal funds; and
The “prevailing wages” requirement of the Davis Bacon Act (40 U.S.C. 276a-276a-5) applies to any construction contracts under the Maglev Deployment Program.
Notes, amendments, and revision history
Authority
Authority: 49 U.S.C. 322; 23 U.S.C. 322; 49 CFR 1.49.
Source
Source: 65 FR 2344, Jan. 14, 2000, unless otherwise noted.