[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 880 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 880

To expand project eligibility to certain public infrastructure projects 
            under chapter 6 of title 23, United States Code.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2015

 Mr. Schatz (for himself, Mr. Markey, and Mr. Merkley) introduced the 
 following bill; which was read twice and referred to the Committee on 
                      Environment and Public Works

_______________________________________________________________________

                                 A BILL


 
To expand project eligibility to certain public infrastructure projects 
            under chapter 6 of title 23, United States Code.

    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-Oriented Development 
Infrastructure Financing Act''.

SEC. 2. INFRASTRUCTURE FINANCE.

    (a) In General.--Section 601(a)(12) of title 23, United States 
Code, is amended--
            (1) in subparagraph (C), by striking ``and'' at the end;
            (2) in subparagraph (D), by striking the period at the end 
        and inserting ``; and''; and
            (3) by adding at the end the following:
                    ``(E) a project to improve or construct public 
                infrastructure that is located within walking distance 
                of and accessible to a fixed guideway transit facility, 
                passenger rail station, intercity bus station, or 
                intermodal facility, including transportation, public 
                utility, and capital projects described in section 
                5302(3)(G)(v) of title 49, and related infrastructure 
                that would promote transit ridership, walkability, or 
                increased private investment.''.
    (b) Eligible Project Costs.--Section 602(a)(5)(B) of title 23, 
United States Code, is amended--
            (1) by striking ``(B) Intelligent transportation system 
        projects.--In the case'' and inserting the following:
                    ``(B) Exceptions.--
                            ``(i) Intelligent transportation systems.--
                        In the case''; and
            (2) by adding at the end the following:
                            ``(ii) Transit-oriented development 
                        projects.--In the case of a project described 
                        in section 601(a)(12)(E), eligible project 
                        costs shall be reasonably anticipated to be 
                        equal to or exceed $10,000,000.''.
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