,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ahdi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ba1 #bjai,mr4   
,mal9[ski 7= himself1 ,mr4 ,sires1 ,mrs4
 ,watson ,coleman1 ,mr4 ,smi? ( ,new    
,j]sey1 ,mr4 ,pallone1 ,mr4 ,pascrell1  
,mr4 ,payne1 ,mr4 ,norcross1 ,mr4 ,van  
,drew1 ,mr4 ,kim1 ,mr4 ,got!im]1 & ,ms4 
,%]rill7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on               
,transportation & ,infra/ructure  ,a    
,,bill  ,to modify ! treatm5t ( c]ta9   
loans 9 consid]ation = fix$ guideway    
capital inve/m5t grants1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,transportation ,fund+     
,fairness ,act4  #b4 ,treatm5t ( c]ta9  
loans 9 consid]ation = fix$ guideway    
capital inve/m5t grants  7a7 ,9 g5]al   
,section #fjc7;b77#h7 ( title #bc1      
,unit$ ,/ates ,code1 is am5d$ to read z 
foll[s3  7#h7 ,non-,f$]al %>e  7,a7 ,9  
g5]al ,a ,/ate or o!r eligible sponsor  
may elect to h proce$s ( a cov]$ loan   
treat$ z any non-,f$]al %>e ( project   

co/s requir$ "u ?is title or *apt] #ec (
 title #di1 if ! loan is repayable f    
non-,f$]al funds4  7,b7 ,cov]$ loan ,9  
?is subp>agraph1 ! t]m cov]$ loan       
means-- 7i7 a secur$ loan "u ! ,,tifia  
program2 &  7ii7 a loan issu$ pursuant  
to ! railroad rehabilitation &          
improvem5t f9anc+ program au?oriz$ "u   
sections #eja ?r\gh #ejc ( ! ,railroad  
,revitalization & ,regulatory ,re=m ,act
 ( #aigf 7#de ,u4,s4,c4 #hba-hbc74  4   
7b7 ,special rule = fix$ guideway       
capital inve/m5t grants ,section        
#ecji7;f7 ( title #di1 ,unit$ ,/ates    
,code1 is am5d$ by add+ at ! end !      
foll[+3  7#c7 ,special rule = proce$s ( 
a cov]$ loan  7,a7 ,9 g5]al ,9 mak+ !   
det]m9ation & assessm5t pursuant to     
p>agraphs 7#a7 & 7#b71 ! ,secret>y--    
7i7 %all treat proce$s ( a cov]$ loan t 
a ,/ate has elect$ to treat z a         
non-,f$]al %>e ( project co/s pursuant  
to section #fjc7;b77#h7 ( title #bc1    
,unit$ ,/ates ,code1 z a local f9ancial 
commitm5t2 &  7ii7 may n treat any su*  

proce$s z non-local s\rces ( capital &  
op]at+ f9anc+4  7,b7 ,cov]$ loan ,9 ?is 
subsection1 ! t]m cov]$ loan means--    
7i7 a secur$ loan "u ! ,,tifia program  
7z su* t]m is def9$ 9 section #fja (    
title #bc1 ,unit$ ,/ates ,code72 &  7ii7
 a loan issu$ pursuant to ! railroad    
rehabilitation & improvem5t f9anc+      
program au?oriz$ "u sections #eja ?r\gh 
#ejc ( ! ,railroad ,revitalization &    
,regulatory ,re=m ,act ( #aigf 7#de     
,u4,s4,c4 #hba-hbc74  4