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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 49 - Transportation |
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Subtitle B - Other Regulations Relating to Transportation |
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Chapter II - Federal Railroad Administration, Department of Transportation |
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Part 268 - Magnetic Levitation Transportation Technology Deployment Program |
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Subpart A - Overview |
§ 268.7 - Federal/State share and restrictions on the uses of Federal Maglev Funds.
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§ 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;
(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) applies to any construction contracts under the Maglev Deployment Program.