Section 12. Limited waiver of local requirements.
(a) Waivers for current itemizations.--The limitation on Department of Transportation funding of capital projects under 74 Pa.C.S. § 1302(4) (relating to program authorizations) shall be totally waived for the capital projects in the category of transportation assistance projects for mass transit contained in section 5(a)(15)(v), (vi), (vii), (xiv), (xv) and (xvii), (16)(i) (ii), (iii), (xiii), (xiv) and (xv) and (21)(i).
(b) Waiver for 1992 itemization.--
(1) Notwithstanding any provision to the contrary, there shall be no local match-funding requirement for Phases I and II of the National magnetic levitation prototype proposal and development, as described in section 5(b)(15)(i)(B) of the act of December 28, 1992 (P.L.1694, No.188), known as the Capital Budget Project Itemization Act of 1991-1992.
(2) The Department of Transportation shall select a contractor for the project described in section 5(b)(15)(i)(B) of the Capital Budget Project Itemization Act of 1991-1992. Such selection shall be based on the following criteria: the contractor must have extensive knowledge of magnetic levitation technology and have been incorporated in this Commonwealth for at least six years for the express purpose of developing magnetic levitation technology; the contractor must also have demonstrated an ability to attract multimodal private sector investment, including corporate and labor support, with participation of a major U.S. passenger airline company; the contractor must also have demonstrated an ability to obtain Federal, State and local funding for magnetic levitation development.