National Capital Transportation Act

Summary

National Capital Transportation Act - Authorizes the Secretary of Transportation to pay for a portion of the Federal share of the cost of the Adopted Regional System out of funds originally authorized to be appropriated by the National Capital Transportation Act of 1965, up to $,147,044,000. Specifies limitations on loan guarantees and minimum matching funds to be contributed by participating local governments udner such Act. Provides for the issuance of Federal share bonds (up to an aggregate principal amount contributed $1,257,000,000) by the Transit Authority to finance the cost of the Adopted Regional System. Requires the Transit Authority to annually report the the President and to the Congress the status of its financing under this Act and all other provisions of Federal legislation dealing with the construction of the Adopted Regional System.

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1 official file

• Introduced in Senate

  summary · EN · 6 May 1975

  Open at official source

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