49 CFR 611.11 - Local financial commitment criteria. | Title 49 - Transportation | Code of Federal Regulations

§ 611.11

Local financial commitment criteria.

In order to approve a grant or loan under 49 U.S.C. 5309, FTA must find that the proposed project is supported by an acceptable degree of local financial commitment, as required by section 5309(e)(1)(C). The local financial commitment to a proposed project will be evaluated according to the following measures:

(a) The proposed share of project capital costs to be met using funds from sources other than the section 5309 new starts program, including both the non-Federal match required by Federal law and any additional capital funding (“overmatch”), and the degree to which planning and preliminary engineering activities have been carried out without funding from the section 5309 new starts program;

(b) The stability and reliability of the proposed capital financing plan for the new starts project; and

(c) The stability and reliability of the proposed operating financing plan to fund operation of the entire transit system as planned over a 20-year planning horizon.

(d) For each proposed project, ratings for paragraphs (b) and (c) of this section will be reported in terms of descriptive indicators, as follows: “high,” “medium-high,” “medium,” “low-medium,” or “low.” For paragraph (a) of this section, the percentage of Federal funding sought from 49 U.S.C. § 5309 will be reported.

(e) The summary ratings for each measure described in this section will be combined into a summary rating of “high,” “medium-high,” “medium,” “low-medium,” or “low” for local financial commitment.

Title 49 published on 2012-10-01

The following are only the Rules published in the Federal Register after the published date of Title 49.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

2013-01-09; vol. 78 # 6 - Wednesday, January 9, 2013

78 FR 1992 - Major Capital Investment Projects

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-31540
RIN	2132-AB02
Docket No.	FTA-2010-0009

DEPARTMENT OF TRANSPORTATION, Federal Transit Administration

Final rule.

This rule will become effective on April 9, 2013.

49 CFR Part 611

Summary

This final rule sets a new regulatory framework for FTA's evaluation and rating of major transit capital investments seeking funding under the discretionary “New Starts” and “Small Starts” programs. This final rule is being published concurrently with a Notice of Availability of revised proposed policy guidance that provides additional detail on the new measures and proposed methods for calculating the project justification and local financial commitment criteria specified in statute and this final rule. FTA seeks public comment on the revised proposed policy guidance referenced in the Notice of Availability published today. Because of the recent enactment of the Moving Ahead for Progress in the 21st Century Act (MAP-21), subsequent interim guidance and rulemaking will be forthcoming to address provisions not covered in this final rule.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

USC : Title 49 - TRANSPORTATION

§ 5309 - Capital investment grants

Title 49 published on 2012-10-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 49 CFR 611 after this date.

2013-01-09; vol. 78 # 6 - Wednesday, January 9, 2013

78 FR 1992 - Major Capital Investment Projects

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-31540
RIN	2132-AB02
Docket No.	FTA-2010-0009

DEPARTMENT OF TRANSPORTATION, Federal Transit Administration

Final rule.

This rule will become effective on April 9, 2013.

49 CFR Part 611

Summary

This final rule sets a new regulatory framework for FTA's evaluation and rating of major transit capital investments seeking funding under the discretionary “New Starts” and “Small Starts” programs. This final rule is being published concurrently with a Notice of Availability of revised proposed policy guidance that provides additional detail on the new measures and proposed methods for calculating the project justification and local financial commitment criteria specified in statute and this final rule. FTA seeks public comment on the revised proposed policy guidance referenced in the Notice of Availability published today. Because of the recent enactment of the Moving Ahead for Progress in the 21st Century Act (MAP-21), subsequent interim guidance and rulemaking will be forthcoming to address provisions not covered in this final rule.

78 FR 2038 - Notice of Availability of Proposed New Starts and Small Starts Policy Guidance

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-31539
RIN
Docket No.	FTA-2010-0009

DEPARTMENT OF TRANSPORTATION, Federal Transit Administration

Notice of availability of proposed policy guidance; request for comments.

Comments must be received on or before March 11, 2013. Any comments received beyond this deadline will be considered to the extent practicable.

49 CFR Part 611

Summary

The Federal Transit Administration (FTA) is announcing the availability of proposed policy guidance to sponsors of New Starts and Small Starts projects, and inviting comment on this proposed guidance, which has been placed both in the docket and on the agency's web site. This proposed policy guidance will accompany the final rule for Major Capital Investment Projects published elsewhere in this issue of the Federal Register . Specifically, this proposed policy guidance describes the particular measures FTA intends to apply in evaluating projects seeking New Starts and Small Starts funding and the way these measures would be used in project ratings, if adopted. The final rule establishes the framework for the New Starts and Small Starts evaluation and rating process; this proposed policy guidance complements the final rule by providing a deeper level of detail about the methods for calculating the project justification and local financial commitment criteria required for New Starts and Small Starts projects.

49 CFR 611.11 - Local financial commitment criteria.

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