USRC Funding Eligibility Act
Sponsored By: Senator Van Hollen, Chris [D-MD]
Introduced
Summary
100 percent federal funding eligibility for Union Station Redevelopment Corporation projects. This bill would make the Union Station Redevelopment Corporation eligible to receive federal grants under several Department of Transportation programs and allow projects it wins to be funded at the full federal share.
Show full summary
- Union Station Redevelopment Corporation: Would be added as an eligible recipient for the BUILD grant program (formerly RAISE), the National Infrastructure Project Assistance Grants, the Consolidated Rail Infrastructure and Safety Improvement Grants, and the Federal-State Partnership for Intercity Passenger Rail Grants.
- Full federal share for USRC projects: Projects awarded to the Union Station Redevelopment Corporation under those programs would be eligible for a 100 percent Federal share of the total eligible project costs as defined in each program.
- Program scope: The bill applies the 100 percent share within existing program rules and does not create separate funding streams, sunsets, or phase-ins.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
100% Federal Grants for Union Station
If enacted, this bill would let the Union Station Redevelopment Corporation (USRC) be eligible for four Department of Transportation grant programs: BUILD, the National Infrastructure Project Assistance program, CRISI, and the Federal‑State intercity passenger rail partnership. For any project those programs award to USRC, the Federal share would be 100 percent of the eligible project costs. This change would take effect upon enactment and apply only to grants made to USRC.
Sponsors & CoSponsors
Sponsor
Van Hollen, Chris [D-MD]
MD • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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