The transit capital investment program (49 U.S.C. 5309) provides capital assistance for three primary activities:
Rail Fixed Guideway System means any light, heavy, or rapid rail system, monorail, inclined plane, funicular, trolley, or automated guideway that:
Eligible recipients are public bodies and agencies (transit authorities and other state and local public bodies and agencies thereof) including states, municipalities, other political subdivisions of states; public agencies and instrumentalities of one or more states; and certain public corporations, boards, and commissions established under state law.
Eligible activities are capital projects to modernize or improve existing fixed guideway systems, including purchase and rehabilitation of rolling stock, track, line equipment, structures, signals and communications, power equipment and substations, passenger stations and terminals, security equipment and systems, maintenance facilities and equipment, operational support equipment including computer hardware and software, system extensions, and preventive maintenance.
49 USC §5309(b)(2)
Funds are available the year appropriated plus three years (total of four years)
Funds are allocated by a statutory formula to urbanized areas with rail systems that have been in operation for at least seven years.
The formula for allocating funds contains seven tiers. The allocation of funding under the first four tiers is based on data used to apportion the funding in fiscal year 1997. Funding under the last three tiers is apportioned based on the latest available route miles and revenue vehicle miles on segments at least seven years old as reported to the National Transit Database. A threshold level of more than one mile of fixed guideway is required to receive these funds.
80 percent Federal, 20 percent local.
Modernization of existing rail systems and new fixed guideway systems.