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New initiatives program - 74 Pa. Cons. Stat. § 1515

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     § 1515.  New initiatives program.
        (a)  Eligible applicants.--Persons eligible to apply for
     financial assistance under section 1514 (relating to asset
     improvement program) shall also be eligible to apply for
     financial assistance for new or expansions of fixed guideway
     systems under this section.
        (b)  Applications.--In addition to the information required
     under section 1507 (relating to application and approval
     process), an application for financial assistance under this
     section shall include all of the information required in an
     application for financial assistance under section 1514. If the
     application is for a proposed expansion of a capital project,
     the application shall also include evidence satisfactory to the
     department that the applicant will have sufficient future annual
     operating funds to support the proposed expansion.
        (c)  Source of funds and priorities.--
            (1)  Sums allocated for the asset improvement program
        under section 1506(e)(2) (relating to fund), up to a maximum
        of $50,000,000 annually, may be used by the department to
        provide financial assistance under this section.
            (2)  In awarding financial assistance under this section,
        the department shall give priority to applicants that intend
        to use the funds to satisfy the local matching portion of
        federally approved New Starts projects funded pursuant to 49
        U.S.C. § 5309 (relating to capital investment grants and
        loans). The department may fund projects that do not receive
        funding from the Federal New Starts Program if the applicant
        can provide sufficient evidence that the project can meet all
        of the following requirements:
            (i)  Investments in existing service areas have been
        optimized.
            (ii)  An analysis reveals a reasonable return on
        investment.
            (iii)  The public benefit of the project has been
        identified.
            (iv)  There exists a local dedicated funding commitment
        to pay any required local match for the project and ongoing
        operating costs.
            (v)  There exists local technical ability and capacity to
        manage, construct and operate the project.
            (vi)  The project is supported by the adoption of an
        integrated land use plan by local municipalities.
        (d)  Local match requirement.--Financial assistance under
     this section shall be matched by local or private cash funding
     in an amount not less than 3.33% of the amount of the financial
     assistance being provided. The source of funds for this local
     match shall be subject to the requirements of section 1513(d)(3)
     (relating to operating program).

        Cross References.  Section 1515 is referred to in section
     1514 of this title.

Last modified: November 27, 2007