A Bill To Authorize Funds For Federal-Aid Highways, Highway Safety Programs, And Transit Programs, And For Other Purposes - 114th Congress 1st Session Page 269

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269
1
added to the amount that may be apportioned
2
under this subsection in the next fiscal year.
3
‘‘(4) P
-
ILOT PROGRAM FOR COST
EFFECTIVE
4
.—
CAPITAL INVESTMENT
5
‘‘(A) I
.—For each of fiscal
N GENERAL
6
years 2016 through 2021, the Secretary shall
7
carry out a pilot program under which an eligi-
8
ble designated recipient (as described in sub-
9
section (c)(1)) in an urbanized area with popu-
10
lation of not less than 200,000 and not more
11
than 999,999 may elect to participate in a
12
State pool in accordance with this paragraph.
13
‘‘(B) P
.—The
URPOSE OF STATE POOLS
14
purpose of a State pool shall be to allow for
15
transfers of formula grant funds made available
16
under this subsection among the designated re-
17
cipients participating in the State pool in a
18
manner that supports the transit asset manage-
19
ment plans of the designated recipients under
20
section 5326.
21
‘‘(C) R
.—A
EQUESTS FOR PARTICIPATION
22
State, and designated recipients in the State
23
described in subparagraph (A), may submit to
24
the Secretary a request for participation in the
25
program under procedures to be established by
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