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7336936
label
Fact Sheet on S. 386 the National Mass Transportation Assistance Act of 1974
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doc
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document
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1
Source metadata
id
7336936
sourceUrl
contentType
document
title
Fact Sheet on S. 386 the National Mass Transportation Assistance Act of 1974
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
subjects
U.S. Senate. (03/04/1789 - )
Legislation
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7336936
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day
14
logicalDate
1974-11-14
month
11
year
1974
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description
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nara-archive
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1
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document
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2251a1de6d703935
ocrText
Digitized from Box 4 of the White House Press Releases at the Gerald R. Ford Presidential Library'
FACT SHEET
S. 386
"THE NATIONAL MASS TRANSPORTATION
ASSISTANCE ACT OF 1974"
Why S. 386? It responds to all of the Administration's serious concerns with
other proposals.
The total dollar level is within limits of fiscal responsibility
It establishes a sound, long-term program for Federal participation
in urban mass transportation.
It approaches the difficult area of Federal assistance for transit
operating expenses in a manner acceptable to the Administration.
Funding level: - 7.825 billion obligational authority for 6-year capital program.
- 500 million capital program for rural public transportation
- 3. 975 billion formula grant program
Formula distribution:
Formula grant program only
1/2 urbanized area population
1/2 population weighted by density
Federal matching Share:
80% capital
50% operating
Delivery Mechanism:
Capital program unchanged. Otherwise, in
urbanized areas of 200, 000 population and
above a designated recipient will be selected by
the Governor, local officials, and officials of
the transportation authority. In any case in
which a State agency is responsible under State
law for financing construction, and operation,
directly by lease, contract, or otherwise public
transportation services, the Secretary shall
designate such State agency as the recipient to
receive and dispense funds apportioned. In
urbanized areas under 200, 000 population, the
State will be the recipient of these funds.