[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3854 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 3854

    To amend title 23, United States Code, to help leverage private 
   investment for transit oriented development near transit stations.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 31, 2012

  Mr. Peters introduced the following bill; which was referred to the 
             Committee on Transportation and Infrastructure

_______________________________________________________________________

                                 A BILL


 
    To amend title 23, United States Code, to help leverage private 
   investment for transit oriented development near transit stations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Transit Related Investment 
Improvement Act of 2012''.

SEC. 2. AMENDMENTS TO THE TRANSPORTATION INFRASTRUCTURE FINANCE AND 
              INNOVATION ACT.

    Chapter 6 of title 23, United States Code is amended--
            (1) in section 601(a)(8)--
                    (A) by striking ``and'' at the end of subparagraph 
                (C);
                    (B) by striking the period at the end of 
                subparagraph (D) and inserting ``; and'';
                    (C) by adding after subparagraph (D) the following 
                new subparagraph:
                    ``(E) a project to improve or construct public 
                infrastructure located within \1/2\ mile of the station 
                area of a fixed guideway transit facility that includes 
                improvements to mobility and parking, rehabilitation or 
                construction of streets, transit stations, structured 
                parking, walkways and bikeways, or other costs eligible 
                under joint development guidelines, as determined by 
                the Administrator of the Federal Transit 
                Administration.''; and
            (2) in section 602(a)(3), by inserting after subparagraph 
        (B) the following new subparagraph:
                    ``(C) Other projects.--In the case of a project 
                eligible under subparagraph 601(a)(8)(E), eligible 
                project costs shall be reasonably anticipated to equal 
                or exceed $10,000,000.''.
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