---
kind: "section"
citation: "49 C.F.R. § 268.7"
title: "49"
number: "268.7"
heading: "Federal/State share and restrictions on the uses of Federal Maglev Funds."
url: "https://uscodex.org/cfr/49/268.7"
---

# §268.7. Federal/State share and restrictions on the uses of Federal Maglev Funds.

- (a) **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.
- (b) **Restrictions on the uses of Federal Maglev Funds.**
  - (1) Federal Maglev Funds may be applied only to Eligible Project Costs;
  - (2) 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](/cfr/49/268.3.md);
  - (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
  - (4) The “prevailing wages” requirement of the Davis Bacon Act ([40 U.S.C. 276a-276a-5](/usc/40/276a-276a-5.md)) applies to any construction contracts under the Maglev Deployment Program.

## Notes

### 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.