S 2884
107th Congress
Senate
Transportation and Public Works
Airline passenger traffic
Airports
Commerce
Disabled
Economics and Public Finance
Federal aid to rural areas
Federal aid to transportation
Finance and Financial Sector
Government trust funds
Housing and Community Development
Interest
Marketing
Mass rapid transit
Motor buses
Parking facilities
Railroad passenger traffic
Railroad terminals
Small towns
Social Welfare
MEGA RED TRANS Act
Introduced: August 1, 2002
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2002
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Aug 1, 2002
Sponsor introductory remarks on measure. (CR S7950-7951)
Aug 1, 2002
Introduced in Senate
Plain-English summary
Maximum Economic Growth for America through Investment in Rural, Elderly, and Disabled Transit Act (or the MEGA RED TRANS Act) - Amends Federal transportation law to set forth certain minimum funding levels of amounts made available from the Mass Transit Account of the Highway Trust Fund for: (1) formula grants and loans to States to provide mass transportation services to elderly individuals and individuals with disabilities and in non-urbanized areas; and (2) block grants to States for mass transportation service projects in urbanized areas with a population of less than 200,000.
Establishes an essential bus service program under which States provide essential bus service between rural areas and primary airports, and between rural areas and stations for intercity passenger rail service, and appropriate intermediate or nearby points.
Sets forth certain requirements regarding the Federal share of eligible project costs or eligible operating costs with respect to funds distributed for transit projects after FY 2004.
Amends the Internal Revenue Code to require interest that is accrued on balances in the Mass Transit Account of the Highway Trust Fund to be credited to such account.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1