,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gjgd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #a1 #bjbj ,mr4  
,g>ca ( ,ill9ois 7= himself1 ,mrs4      
,watson ,coleman1 ,mr4 ,coh51 ,ms4      
,pressley1 ,mr4 ,soto1 ,mr4 ,c>son (    
,indiana1 ,mr4 ,?ompson ( ,mississippi1 
& ,ms4 ,ocasio-,cortez7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,transportation &         
,infra/ructure1 & 9 addition to !       
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to       
e/abli% an ,(fice ( ,equitable          
,transit-,ori5t$ ,developm5t & ,mobility
 to c>ry out an equitable transit-ori5t$
 developm5t & mobility grant program1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,promot+ ,equitable
 ,transit-,ori5t$ ,developm5t &         
,mobility ,corridors ,act4  #b4         
,def9itions  7a7 ,9 g5]al ,9 ?is ,act1 !

 foll[+ def9itions apply3  7#a7         
,equitable transit-ori5t$ developm5t ,! 
t]m equitable transit-ori5t$ developm5t 
means-- 7,a7 ! creation & support (     
communities ( opportunity1 especially   
disadvantag$ or l[-income communities   
:]e resid5ts ( all incomes1 ages1 races1
 & e?nicities p>ticipate 91 & b5efit f1 
liv+ 9 connect$1 heal?y1 vibrant places 
connect$ by public transportation2 &    
7,b7 includ+1 9 communities (           
opportunity1 a mixture ( h\s+ 7includ+ a
 significant level ( af=dable h\s+71    
(fice1 retail1 & o!r am5ities z "p ( a  
walkable neighborhood g5]ally locat$ )9 
a half mile ( quality public            
transportation4  7#b7 e,t,o,d &         
,mobility ,plan ,! t]m e,t,o,d &        
,mobility ,plan means a plan = equitable
 transit-ori5t$ developm5t & mobility   
corridors develop$ "u section #d4  7#c7 
,mobility corridor ,! t]m mobility      
corridor means a major economic corridor
 t integrates safety1 mobility1 & access
 = freight1 active transportation1 &    

public transportation along ! corridor  
:ile promot+ quality ( life1 economic   
developm5t1 & gre5h\se gas r$uction1    
includ+1 at a m9imum-- 7,a7 at lea/ #abe
 acres ) c5trality to employm5t &       
am5ities2  7,b7 meets a location        
af=dability z def9$ by a h\sehold sp5d+ 
no m ?an #de p]c5t or m ( _! income on  
h\s+ & transportation z det]m9$ by !    
,location ,af=dability ,index publi%$ by
 ! ,dep>tm5t ( ,transportation & !      
,dep>tm5t ( ,urban ,developm5t2  7,c7   
mix$ comm]cial use or community-bas$    
facility & resid5tial use2 &  7,d7      
mobility options to r$uce p]sonal       
vehicle miles us$ or gre5 h\se gas      
emissions4  7#d7 ,priority inve/m5t area
 ,! t]m priority inve/m5t area means an 
area c]tifi$ z a priority inve/m5t area 
9 an e,t,o,d & ,mobility ,plan4  7#e7   
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,transportation4  7#f7 ,/ate
 transportation au?ority ,! t]m ,/ate   
transportation au?ority means ! ,/ate   
ag5cy or (ficial responsible "u !       

direction ( ! ,gov]nor ( ! ,/ate or a   
,/ate law = prep>ation1 ma9t5ance1      
coord9ation1 & adm9i/ration ( ! ,/ate   
transportation1 rail1 & public          
transportation plan4  7b7 ,applicability
 ( *apt] #ec def9itions ,9 ?is ,act1 any
 t]m def9$ 9 *apt] #ec ( title #di1     
,unit$ ,/ates ,code1 has ! mean+ giv5 t 
t]m 9 t *apt]4  #c4 ,(fice ( ,equitable 
,transit-,ori5t$ ,developm5t  7a7       
,e/abli%m5t ,! ,secret>y %all e/abli% )9
 ! ,dep>tm5t ( ,transportation an ,(fice
 ( ,equitable ,transit-,ori5t$          
,developm5t & ,mobility4  7b7           
,responsibilities ,! responsibilities ( 
! ,(fice ( ,equitable ,transit-,ori5t$  
,developm5t & ,mobility are-- 7#a7 to   
e/abli% & manage ! e,t,o,d & mobility   
grant program e/abli%$ "u section #e2   
7#b7 to c]tify e,t,o,d & ,mobility      
,plans2  7#c7 to c]tify priority        
inve/m5t areas includ$ 9 su* ,plans2 &  
7#d7 to coord9ate ,f$]al res\rces =     
eligible projects 9 c]tifi$ priority    
inve/m5t areas4  #d4 ,/ate plans  7a7   

,e/abli%m5t ,to be eligible = assi/ance 
"u section #e or any ( sections #g ?r\gh
 #aa1 a ,/ate %all1 9 coord9ation )     
metropolitan plann+ organizations1      
transit ag5cies & local gov]nm5ts1      
includ+ tribal gov]nm5ts1 )9 ! ,/ate1   
develop a plan = equitable              
transit-ori5t$ developm5t & mobility    
corridors t proposes priority inve/m5t  
areas & projects propos$ to be c>ri$ out
 9 ^? areas4  7b7 ,purposes ,! purposes 
( ! e,t,o,d & ,mobility ,plan %all be ! 
foll[+3 7#a7 ,to id5tify priority       
inve/m5t areas 9 ! ,/ate ) a ne$ = a    
compreh5sive inve/m5t /rategy to keep & 
revitalize exi/+ neighborhoods &        
corridors :ile ma9ta9+ & enhanc+ h\s+ & 
transportation af=dability & creat+     
equal opportunity = exi/+ resid5ts &    
bus9esses4  7#b7 ,support implem5tation 
( local & community transportation & l& 
use plans consi/5t ) su/a9able ,/ate1   
regional1 & local gr[? plans1 policies1 
& /rategies to a*ieve quality ( life1   
economic vitality1 & gre5h\se gas       

r$uction goals4  7#c7 ,enc\rage & create
 conv5i5t1 safe multi-modal access to ! 
public transportation sy/em1 ) an       
emphasis on non-motoriz$ access &       
neighborhood walkability & mobility4    
7#d7 ,to e/abli% ! p]iod cov]$ by !     
e,t,o,d & ,mobility ,plan4  7#e7 ,to    
s]ve z ! basis = ,f$]al & ,/ate         
inve/m5ts )9 ! ,/ate4  7c7 ,crit]ia =   
,/ate plans ,! e,t,o,d & ,mobility ,plan
 %all conta9 ! foll[+3 7#a7 ,cle>ly     
integrate ,/ate & regional h\s+ &       
transportation improvem5t plans &       
implem5t an acc\ntability me*anism t    
ensures an individual's av]age comb9$   
h\s+ & transportation co/ does n exce$  
#dj p]c5t ( total h\sehold sp5d+ = su*  
individual4  7#b7 ,create a %>$ vision &
 implem5tation plan = priority inve/m5t 
areas = infra/ructure1 climate          
mitigation1 & developm5t4  7#c7         
,increase ! value & effectiv5ess (      
public transportation by increas+       
rid]%ip ) a focus on p ( color & middle 
to l[ income individuals4  7#d7 ,promote

 mutually b5eficial p>tn]%ips betwe5    
public1 private1 & community-bas$       
nonpr(it organizations & disadvantag$   
bus9ess ent]prises4  7#e7 ,make         
equitable transit-ori5t$ developm5t an  
integral compon5t (1 & supportive (1    
public transportation1 l& use1 climate  
resili5cy1 & economic developm5t project
 plann+ & deliv]y1 especially 9 support+
 ! ret5tion ( exi/+ resid5ts 9 develop+ 
communities4  7#f7 ,r$uce & mitigate    
social & economic impacts on exi/+      
resid5ts & bus9esses vuln]able to       
displacem5t caus$ by economic pressures 
9 /rong] m>kets z well z depopulations  
caus$ by dis9ve/m5t4  7#g7 ,promote an  
increase 9 ,/ate1 local1 & private      
inve/m5t 9 bo? public transportation &  
mobility options1 specifically ?r\gh a  
value capture me*anism4  7#h7 ,increase 
,/ate1 local1 & private inve/m5t 9      
economic developm5t especially 9        
disadvantag$ or l[-income communities & 
communities ( color4  7#i7 ,engage a    
broad cross-section ( ! community mo/   

affect$ by future inve/m5ts 9 an        
inclusive1 effective1 transp>5t process4
  7#aj7 ,create af=dable h\s+ &         
comm]cial options z well z community    
facilities ne> public transportation )  
priority giv5 to af=dability1 & to      
community-bas$ own]%ip & entrepr5eur%ip1
 ) a focus on p>ticipation (            
disadvantag$ bus9ess ent]prises4  7d7   
,priority inve/m5t area ,ea* e,t,o,d &  
,mobility ,plan %all propose priority   
inve/m5t areas t w s]ve z ! eligible    
locations = projects describ$ "u        
subsection 7d7 9 ! ,/ate4 ,a priority   
inve/m5t area %all be--  7#a7 )9 a half 
mile ( a public transportation facility 
t includes a fix$-guideway public       
transportation /ation1 designat$        
high-spe$ rail or exi/+ int]city rail   
/ation1 or a major local transit hub    
connect+ m ?an #c local transit l9es2 or
  7#b7 a mobility corridor designat$ by 
a /ate transportation au?ority or       
metropolitan plann+ organization 9      
consultation ) local gov]nm5ts t consi/s

 ( walkable rural ma9 /reets or a       
suburban economic c5t]4  7e7 ,requir$   
f9ance plan ,a /rategy creat$ "u ?is    
subsection %all include an implem5tation
 plan t id5tifies a #e-ye> f9anc+ plan =
 propos$ improvem5ts1 includ+ any       
f9ancial gap1 & a timel9e = adoption ( !
 /rategy by relevant local gov]nm5ts4   
7f7 ,public comm5t ,9 develop+ & review+
 an e,t,o,d & ,mobility ,plan1 a ,/ate  
%all provide adequate & reasonable      
notice & opportunity = comm5t & o!r     
input to--  7#a7 ! public2  7#b7        
community organizations1 af=dable h\s+  
ag5cies & public transportation ag5cies2
  7#c7 units ( local gov]nm5t2 &  7#d7  
o!r int]e/$ p>ties4  7g7 ,coord9ation ) 
o!r ,/ate plans ,9 develop+ an e,t,o,d &
 ,mobility ,plan1 a ,/ate %all ensure t 
su* plan is coord9at$ )-- 7#a7 o!r      
,/ate1 regional plann+ ag5cies1         
metropolitan plann+ organizations1 &    
local transportation plann+ goals &     
programs2  7#b7 economic & community    
developm5t plans2 &  7#c7 compreh5sive  

,/ate or regional h\s+ plans4  7h7      
,int]gov]nm5tal ,coord9ation ,9 develop+
 an e,t,o,d & ,mobility ,plan1 a ,/ate  
%all-- 7#a7 review ! freight & pass5g]  
rail s]vice activities & initiatives (  
regional plann+ ag5cies1 regional       
transportation au?orities1 &            
municipalities )9 ! ,/ate or 9 ! region 
9 :i* ! ,/ate is locat$2 &  7#b7 include
 any recomm5dations made by su* ag5cies1
 au?orities1 & municipalities z consid]$
 appropriate by ! ,/ate4  7i7           
,c]tification ( e,t,o,d & ,mobility     
,plans ,^u submission ( an e,t,o,d &    
,mobility ,plan to ! ,(fice ( ,equitable
 ,transit-,ori5t$ ,developm5t &         
,mobility1 su* ,(fice %all--  7#a7      
review ! propos$ priority inve/m5t areas
 & projects 9 ! e,t,o,d & ,mobility     
,plan2  7#b7 c]tify ! e,t,o,d &         
,mobility ,plan if ea* priority inve/m5t
 area meets ! requirem5ts ( ?is section2
 &  7#c7 = ea* e,t,o,d & ,mobility      
,plan1 det]m9e :e!r ea* propos$ project 
includ$ 9 su* ,plan meets ! requirem5ts 

( ?is section & c]tify ea* su* project =
 eligibility = fund+ "u ?is ,act & !    
am5dm5ts made by ?is ,act4  7j7 ,waiv]  
,! ,secret>y may grant c]tification     
waiv] = ,/ates ) equitable developm5t   
policies enact$ prior to ! enactm5t (   
?is ,act t sub/antially meet !          
requirem5ts set =? ?is section4  #e4    
,equitable transit-ori5t$ developm5t &  
mobility grant & te*nical assi/ance     
program  7a7 ,e/abli%m5t ,! ,secret>y   
%all e/abli% a competitive grant program
 to be adm9i/]$ by ! ,(fice ( ,equitable
 ,transit-,ori5t$ ,developm5t &         
,mobility to provide te*nical assi/ance 
grants = ,/ates c>ry+ out equitable     
transit-ori5t$ developm5t & mobility    
projects4  7b7 ,eligible applicants ,!  
,secret>y %all provide grants "u !      
program to eligible activities c>ri$ out
 by a ,/ate ) regional plann+ ag5cies1  
metropolitan plann+ organizations1 local
 gov]nm5ts1 includ+ tribal gov]nm5ts1 & 
at lea/ #a community-bas$ nonpr(it      
organization4  7c7 ,te*nical assi/ance  

grants  7#a7 ,9 g5]al ,a te*nical       
assi/ance grant provid$ "u ?is section  
%all be us$ to create a /rategy = a     
priority inve/m5t area to increase      
equitable economic developm5t 7includ+  
mix$ income & mix$ use developm5t71     
includ+ locally det]m9$ activities      
necess>y to create ! conditions t w lead
 to successful equitable transit-ori5t$ 
developm5t or a mobility corridor4  7#b7
 ,eligible activities ,! foll[+         
activities may be includ$ 9 ! /rategy   
develop$ "u p>agraph 7#a73  7,a7 ,r$uc+ 
regulatory or proc$ural b>ri]s to       
private inve/m5t 9 areas ne> transit or 
9 areas ) high walkability by revis+    
local zon+ ord9ances or complet+        
area-wide environm5tal review to        
increase ! spe$ ( developm5t4  7,b7     
,id5tify+ public infra/ructure ne$s4    
7,c7 ,community engagem5t ef=ts4  7d7   
,eligible uses ,a grant provid$ "u ?is  
section may be us$ to--  7#a7 increase  
transit rid]%ip f developm5t )9 ! plann+
 area2  7#b7 create an appropriate mix (

 uses = ! /ation area1 det]m9$ by       
ref]5ce to local gr[? & developm5t      
plans2  7#c7 promote community /ability1
 especially = exi/+ resid5ts & bus9esses
 dur+ & aft] ! developm5t2  7#d7        
increase transit accessible atta9able   
h\s+ )9 ! plann+ area2  7#e7 increase   
,/ate1 local1 or private inve/m5t 9     
public infra/ructure1 includ+ public    
transportation2  7#f7 coord9ate ) all   
relevant /akehold]s1 includ+ real-e/ate1
 retail1 h\s+1 comm]cial & economic     
developm5t1 non-pr(it p>ticipants1      
public heal?1 & an*or in/itutions2 or   
7#g7 coord9ate ) relevant h\s+1 economic
 developm5t1 l& use1 & transportation   
plans4  7e7 ,fund+  7#a7 ,au?orization (
 appropriations ,!re is au?oriz$ to be  
appropriat$ #ae1jjj1jjj to c>ry out ?is 
section4  7#b7 ,adm9i/ration ( grants ,(
 ! am\nts provid$ to a ,/ate "u ?is     
section1 a ,/ate may use up to #b p]c5t 
( any su* am\nts to provide capacity    
build+ & tra9+ = public transportation  
p]sonnel1 private develop]s1 or         

community gr\ps reg>d+ plann+ &         
implem5tation ( equitable transit-ori5t$
 developm5t & mobility corridors4  #f4  
,annual report ,n lat] ?an #ab mon?s    
aft] ! date ( enactm5t ( ?is ,act1 &    
annually !reaft]1 ! ,secret>y %all      
submit to ,congress a report conta9+--  
7#a7 ! e,t,o,d & ,mobility ,plans       
c]tifi$ "u section #d7;i77#b72  7#b7 !  
c]tifi$ priority inve/m5t areas conta9$ 
9 e,d,o,t & ,mobility ,plans2 &  7#c7 a 
report track+ ! outcomes ( prior c]tifi$
 plans4  #g4 ,modification (            
rehabilitation cr$it  7a7 ,re9/atem5t ( 
cr$it = qualifi$ rehabilitat$ build+s   
7#a7 ,9 g5]al ,subsection 7a7 ( section 
#dg ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ to read z foll[s3  7a7         
,det]m9ation ( cr$it  7#a7 ,9 g5]al ,=  
purposes ( section #df1 ! rehabilitation
 cr$it = any taxable ye> is ! sum (--   
7,a7 9 ! case ( any qualifi$            
rehabilitat$ build+ o!r ?an a c]tifi$   
hi/oric /ructure :i* is plac$ 9 s]vice  
dur+ su* taxable ye>1 #aj p]c5t ( !     

qualifi$ rehabilitation exp5ditures )   
respect to su* build+1 &  7,b7 9 ! case 
( any qualifi$ rehabilitat$ build+ :i*  
is a c]tifi$ hi/oric /ructure :i* is    
plac$ 9 s]vice dur+ su* taxable ye> or  
any ( ! #d imm$iately prec$+ taxable    
ye>s1 ! ratable %>e = su* taxable ye>4  
7#b7 ,ratable %>e ,= purposes ( p>agraph
 7#a77;,b71 ! ratable %>e = any taxable 
ye> is an am\nt equal to #bj p]c5t ( !  
qualifi$ rehabilitation exp5ditures )   
respect to ! c]tifi$ hi/oric /ructure1 z
 allocat$ ratably to ea* ( ! #e ye>s to 
:i* p>agraph 7#a77;,b7 applies4  4  7#b7
 ,con=m+ am5dm5ts  7,a7 ,section #dg7;c7
 ( su* ,code is am5d$-- 7i7 9 p>agraph  
7#a7--  7,i7 9 subp>agraph 7,a71 by     
am5d+ clause 7iii7 to read z foll[s3    
7iii7 9 ! case ( any build+ o!r ?an a   
c]tifi$ hi/oric /ructure1 9 !           
rehabilitation process--  7,i7 #ej p]c5t
 or m ( ! exi/+ ext]nal walls ( su*     
build+ are reta9$ 9 place z ext]nal     
walls1  7,,ii7 #ge p]c5t or m ( ! exi/+ 
ext]nal walls ( su* build+ are reta9$ 9 

place z int]nal or ext]nal walls1 &     
7,,iii7 #ge p]c5t or m ( ! exi/+ int]nal
 /ructural framework ( su* build+ is    
reta9$ 9 place1 &  2 &  7,,ii7 by       
r$esignat+ subp>agraphs 7,b7 & 7,c7 z   
subp>agraphs 7,c7 & 7,d71 respectively1 
& by ins]t+ aft] subp>agraph 7,a7 !     
foll[+ new subp>agraph3  7,b7 ,build+   
mu/ be fir/ plac$ 9 s]vice be=e #aicf ,9
 ! case ( a build+ o!r ?an a c]tifi$    
hi/oric /ructure1 a build+ %all n be a  
qualifi$ rehabilitat$ build+ unless !   
build+ 0 fir/ plac$ 9 s]vice be=e #aicf4
  2 &  7ii7 9 p>agraph 7#b77;,b71 by    
am5d+ clause 7iv7 to read z foll[s3     
7iv7 ,c]tifi$ hi/oric /ructure1 etc ,any
 exp5diture attributable to !           
rehabilitation ( a c]tifi$ hi/oric      
/ructure or a build+ 9 a regi/]$ hi/oric
 di/rict1 unless ! rehabilitation is a  
c]tifi$ rehabilitation 7)9 ! mean+ (    
subp>agraph 7,c774 ,! prec$+ s5t5ce %all
 n apply to a build+ 9 a regi/]$ hi/oric
 di/rict if-- 7,i7 su* build+ 0 n a     
c]tifi$ hi/oric /ructure1  7,,ii7 !     

,secret>y ( ! ,int]ior c]tifi$ to !     
,secret>y t su* build+ is n ( hi/oric   
significance to ! di/rict1 &  7,,iii7 if
 ! c]tification ref]r$ to 9 subclause   
7,,ii7 occurs aft] ! beg9n+ ( !         
rehabilitation ( su* build+1 ! taxpay]  
c]tifies to ! ,secret>y t1 at ! beg9n+ (
 su* rehabilitation1 he 9 good fai? 0 n 
aw>e ( ! requirem5ts ( subclause 7,,ii74
  4  7,b7 ,p>agraph 7#d7 ( section      
#ade7;d7 ( su* ,code is am5d$-- 7i7 by  
/rik+ ( section #dg7;c77#a77;,b7 ea*    
place x appe>s & ins]t+ ( section       
#dg7;c77#a77;,c72 &  7ii7 by /rik+      
section #dg7;c77#a77;,b77i7 & ins]t+    
section #dg7;c77#a77;,c77i74  7b7       
,increase 9 cr$it rate = qualifi$       
rehabilitat$ build+s o!r ?an c]tifi$    
hi/oric /ructures ,section #dg7;a77#a7 (
 su* ,code1 z am5d$ by subsection 7a71  
is am5d$ by /rik+ #aj p]c5t & ins]t+ #ae
 p]c5t4  7c7 ,modification ( date be=e  
:i* build+s o!r ?an c]tifi$ hi/oric     
/ructures mu/ be plac$ 9 s]vice ,section
 #dg7;c77#a77;,b7 ( su* ,code1 z am5d$  

by subsection 7a71 is am5d$ by /rik+    
#aicf & ins]t+ ! cal5d> ye> :i* is #ej  
ye>s prior to ! cal5d> ye> 9 :i* !      
build+ is plac$ 9 s]vice 7)9 ! mean+ (  
subsection 7b77#a774  7d7 ,requirem5t t 
build+s o!r c]tifi$ hi/oric /ructures   
mu/ be close to public transportation   
c5t]s or mobility corridors ,section    
#dg7;c77#a7 ( su* ,code1 z am5d$ by     
subsection 7a71 is am5d$ by r$esignat+  
subp>agraphs 7,c7 & 7,d7 z subp>agraphs 
7,d7 & 7,e71 respectively1 & by ins]t+  
aft] subp>agraph 7,b7 ! foll[+ new      
subp>agraph3  7,c7 ,build+ mu/ be close 
to public transportation c5t]  7i7 ,9   
g5]al ,9 ! case ( a build+ o!r ?an a    
c]tifi$ hi/oric /ructure1 a build+ %all 
n be a qualifi$ rehabilitat$ build+     
unless ! build+ is 9 a priority inve/m5t
 area ( an e,t,o,d & ,mobility ,plan1 z 
su* t]ms are def9$ 9 section #b ( !     
,promot+ ,equitable ,transit-,ori5t$    
,developm5t & ,mobility ,corridors ,act1
 or n fur!r ?an "o-half mile f at lea/  
"o ( ! foll[+3 7,i7 ,a location :i*     

provides pass5g] bo>d+ on a fix$        
guideway 7z def9$ 9 section #ecjb7g7 (  
title #di1 ,unit$ ,/ates ,code71 commut]
 rail pass5g] transportation 7z def9$ 9 
section #bdajb7c7 ( title #di1 ,unit$   
,/ates ,code71 or int]city rail pass5g] 
transportation 7z def9$ 9 section       
#bdajb7d7 ( title #di1 ,unit$ ,/ates    
,code74  7,,ii7 ,a plann$ site = a      
location describ$ 9 subclause 7,i7 if ! 
,secret>y ( ,transportation has issu$ a 
full fund+ grant agreem5t ) respect to  
su* location "u section #ecji7k77#b7 (  
title #di1 ,unit$ ,/ates ,code4  7ii7   
,id5tification ( qualifi$ areas ,!      
,secret>y1 9 consultation ) ! ,secret>y 
( ,transportation1 %all id5tify areas   
:i* are describ$ 9 clause 7i74  4  7e7  
,elim9ation ( c]ta9 lodg+ re/rictions on
 build+s o!r ?an c]tifi$ hi/oric        
/ructures ,section #ej7;b77#b77;,c7 (   
su* ,code is am5d$ by /rik+ c]tifi$     
hi/oric /ructure & ins]t+ qualifi$      
rehabilitat$ build+4  7f7 ,requirem5t t 
build+s t are n c]tifi$ hi/oric         

/ructures & n 9 a regi/]$ hi/oric       
di/rict receive c]tification ( /atus    
,section #dg7;c77#a7 ( su* ,code1 z     
am5d$ by subsections 7a7 & 7d71 is am5d$
 by r$esignat+ subp>agraphs 7,d7 & 7,e7 
z subp>agraphs 7,e7 & 7,f71             
respectively1 & by ins]t+ aft]          
subp>agraph 7,c7 ! foll[+ new           
subp>agraph3  7,d7 ,build+s t are n     
c]tifi$ hi/oric /ructures & n 9 regi/]$ 
hi/oric di/rict mu/ receive c]tification
 ( /atus  7i7 ,9 g5]al ,9 ! case ( a    
build+ :i* is nei!r a c]tifi$ hi/oric   
/ructure nor locat$ 9 a regi/]$ hi/oric 
di/rict1 su* build+ %all n be a qualifi$
 rehabilitat$ build+ unless ! ,secret>y 
( ! ,int]ior c]tifies to ! ,secret>y t  
su* build+ is-- 7,i7 n a c]tifi$ hi/oric
 /ructure1 &  7,,ii7 n 9 a regi/]$      
hi/oric di/rict4  7ii7 ,det]m9ations by 
,national ,p>k ,s]vice ,to ! maximum    
ext5t practicable1 ! ,secret>y ( !      
,int]ior %all make c]tifications "u     
clause 7i7 )9 #cj days ( ! receipt ( an 
application = su* c]tification4  4  7g7 

,cr$it = c]ta9 relat$ exp5ditures  7#a7 
,cr$it = c]ta9 exp5ditures = public     
infra/ructure ,section #dg7;c77#b7 ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new subp>agraph3  7,e7 ,treatm5t 
( c]ta9 exp5ditures = public            
infra/ructure  7i7 ,9 g5]al ,9 ! case ( 
any qualifi$ rehabilitat$ build+1       
exp5ditures = qualifi$ public           
infra/ructure 7or improvem5ts !reto7    
%all be treat$ = purposes ( ?is section 
z qualifi$ rehabilitation exp5ditures ) 
respect to su* build+ if provid+ su*    
qualifi$ public infra/ructure is relat$ 
to su* build+ & is requir$ by any ,/ate 
or local gov]nm5t4  7ii7 ,limitation ,! 
am\nt treat$ z qualifi$ rehabilitation  
exp5ditures ) respect to any build+ "u  
clause 7i7 %all n exce$ #be p]c5t ( !   
qualifi$ rehabilitation exp5ditures )   
respect to su* build+ 7det]m9$ aft] !   
application ( clause 7i7 & subp>agraph  
7,f774  7iii7 ,bonus cr$it am\nt ,9 !   
case ( any am\nt treat$ z qualifi$      
rehabilitation exp5ditures "u clause    

7i71 subsection 7a77#a7 %all be appli$  
by sub/itut+ #be p]c5t = #ae p]c5t4     
7iv7 ,qualifi$ public infra/ructure ,=  
purposes ( ?is subp>agraph1 ! t]m       
qualifi$ public infra/ructure means wat]
 & sew] l9es1 electrical l9es &         
equipm5t1 telecommunications l9es &     
equipm5t1 & road & sidewalks1 :i* are   
locat$ 9 ! public "r ( way & are n own$ 
by ! taxpay]4  4  7#b7 ,cr$it =         
expansion & adjac5t build+s ) respect to
 qualifi$ rehabilitat$ build+s o!r ?an  
c]tifi$ hi/oric /ructures ,section      
#dg7;c77#b7 ( su* ,code1 z am5d$ by     
p>agraph 7#a71 is am5d$ by add+ at ! end
 ! foll[+ new subp>agraph3  7,f7        
,treatm5t ( build+ expansions & c]ta9   
adjac5t build+s ) respect to qualifi$   
rehabilitat$ build+s o!r ?an c]tifi$    
hi/oric /ructures  7i7 ,9 g5]al ,9 !    
case any qualifi$ rehabilitat$ build+   
o!r ?an a c]tifi$ hi/oric /ructure--    
7,i7 clause 7iii7 ( subp>agraph 7,b7    
%all n apply1 &  7,,ii7 am\nts describ$ 
9 subp>agraph 7,a77i7 :i* are 9         

connection ) ! rehabilitation or        
con/ruction ( a qualifi$ adjac5t build+ 
%all be treat$ z qualifi$ rehabilitation
 exp5ditures ) respect to su* qualifi$  
rehabilitat$ build+4  7ii7 ,limitation  
,! am\nt treat$ z qualifi$              
rehabilitation exp5ditures ) respect to 
any qualifi$ rehabilitat$ build+ "u     
clause 7i7 %all n exce$ #ajj p]c5t ( !  
qualifi$ rehabilitation exp5ditures )   
respect to su* build+ 7det]m9$ )\t reg>d
 to clause 7i7 & subp>agraph 7,e774     
7iii7 ,qualifi$ adjac5t build+ ,=       
purposes ( ?is subp>agraph1 ! t]m       
qualifi$ adjac5t build+ means1 ) respect
 to any qualifi$ rehabilitat$ build+1   
any build+ if su* build+ & su* qualifi$ 
rehabilitat$ build+ are bo? on ! same   
block4  4  7#c7 ,relat$ exp5ditures     
disreg>d$ 9 det]m9+ if rehabilitation is
 sub/antial ,section #dg7;c77#a77;,e71 z
 r$esignat$ by subsections 7a71 7d71 &  
7f71 is am5d$ by add+ at ! end ! foll[+ 
new clause3  7iv7 ,c]ta9 exp5ditures    
disreg>d$ ,am\nts :i* are o!rwise treat$

 z qualifi$ rehabilitation exp5ditures  
by reason ( subp>agraph 7,e7 or 7,f7 (  
p>agraph 7#b7 %all n be treat$ z        
qualifi$ rehabilitation exp5ditures =   
purposes ( ?is subp>agraph4  4  7h7     
,bonus cr$it = r5t-,re/rict$ h\s+ units 
,section #dg ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subsection3  
7e7 ,bonus cr$it = r5t-,re/rict$ h\s+   
units  7#a7 ,9 g5]al ,subsection 7a77#a7
 %all be appli$ by sub/itut+ #be p]c5t =
 #ae p]c5t ) respect to s mu* ( !       
qualifi$ rehabilitation exp5ditures     
7det]m9$ )\t reg>d to subsection        
7c77#b77;,e77 ) respect to any qualifi$ 
rehabilitat$ build+ z are prop]ly       
allocable to resid5tial units :i* are-- 
7,a7 r5t-re/rict$ 7)9 ! mean+ ( section 
#db7;g77#b771 &  7,b7 occupi$ by        
individuals ^: income is #ajj p]c5t or  
less ( area m$ian gross income 7)9 !    
mean+ ( section #db7;g77#a774  7#b7     
,failure to ma9ta9 r5t-re/riction       
subject to recapture ,9 ! case ( any    
failure to ma9ta9 any resid5tial unit   

tak5 into acc\nt "u p>agraph 7#a7 z a   
resid5tial unit describ$ 9 su* p>agraph 
dur+ ! recapture p]iod1 section #ej7;a7 
%all apply z ?\gh ! qualifi$            
rehabilitat$ build+ ceas$ to be inve/m5t
 cr$it prop]ty except t ! recapture     
p]iod & recapture p]c5tage %all be      
det]m9$ "u p>agraph 7#c7 & 9 det]m9+ !  
increase 9 tax "u su* section 9 lieu (  
r$uc+ ! cr$it det]m9$ "u ?is section to 
z]o su* cr$it %all be det]m9$ )\t reg>d 
to p>agraph 7#a74 ,! application (      
section #ej7;a7 ) respect to a build+ z 
describ$ 9 ?is p>agraph %all n prev5t ! 
reapplication ( su* section to su*      
build+ if su* build+ is dispos$ ( or    
o!rwise ceases to be inve/m5t cr$it     
prop]ty & ! tax impos$ "u su* section by
 reason ( su* reapplication %all be     
r$uc$ by ! tax previ\sly impos$ z       
describ$ 9 ?is p>agraph4  7#c7          
,recapture p]iod2 recapture p]c5tage ,= 
purposes ( ?is subsection-- 7,a7        
,recapture p]iod ,! t]m recapture p]iod 
means ! #aj-ye> p]iod beg9n+ on ! date !

 build+ is plac$ 9 s]vice4  7,b7        
,recapture p]c5tage ,! t]m recapture    
p]c5tage means-- 7i7 9 ! case ( a       
failure describ$ 9 p>agraph 7#b7 t      
occurs dur+ ! fir/ ye> ( ! recapture    
p]iod1 #ajj p]c5t1 &  7ii7 9 ! case (   
su* a failure :i* occurs dur+ any       
subsequ5t ye> ( ! recapture p]iod1 !    
p]c5tage :i* is #aj p]c5tage po9ts less 
?an ! p]c5tage :i* appli$ = ! previ\s   
ye> 7z det]m9$ "u ?is subp>agraph74  4  
7i7 ,public report+ ,section #dg ( su*  
,code1 z am5d$ by subsection 7h71 is    
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7f7 ,public report+ )      
respect to qualifi$ rehabilitat$ build+s
 o!r ?an c]tifi$ hi/oric /ructures  7#a7
 ,9 g5]al ,no cr$it %all be all[$ "u ?is
 section ) respect to any qualifi$      
rehabilitat$ build+ o!r ?an a c]tifi$   
hi/oric /ructure unless ! taxpay]       
submits to ! ,secret>y a report 7at su* 
"t & 9 su* mann] z ! ,secret>y may      
provide7 :i* includes ! in=mation       
describ$ 9 p>agraph 7#b74  7#b7         

,in=mation ,! report describ$ 9 p>agraph
 7#a7 %all include ! foll[+3  7,a7 ,! "n
 ( ! build+ &1 if applicable1 ! "n ( !  
project ( :i* su* build+ is a "p4  7,b7 
,ea* ( ! foll[+ ) respect to ! location 
( ! build+3 city1 ,/ate1 zip code1 #bjaj
 c5sus tract 7& :e!r su* tract is       
metropolitan /ati/ical area74  7,c7 ,!  
total co/ ( ! build+ &1 if applicable1 !
 total co/ ( ! project ( :i* su* build+ 
is a "p4  7,d7 ,! total am\nt ( cr$it   
all[$ "u ?is section ) respect to su*   
build+ &1 if applicable1 ) respect to ! 
project ( :i* su* build+ is a "p4  7,e7 
,! ye> ! build+ is plac$ 9 s]vice4  7,f7
 ,! numb] ( h\s+ units 9 ! build+ &     
numb] ( su* h\s+ units :i* are          
r5t-re/rict$ 7)9 ! mean+ ( section      
#db7;g77#b774  7,g7 ,! prim>y purpose ( 
! build+4  7#c7 ,reports made publicly  
available ,! ,secret>y %all ensure t    
reports made "u p>agraph 7#a7 are made  
available to ! public4  4  7j7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to prop]ty plac$ 9   

s]vice aft] ! date ( ! enactm5t ( ?is   
,act4  #h4 ,cr$it facility to support   
equitable transit-ori5t$ developm5t &   
mobility  7a7 ,def9itions ,9 ?is        
section3  7#a7 ,eligible applicant ,!   
t]m eligible applicant means-- 7,a7 a   
,/ate2  7,b7 a unit ( local gov]nm5t2   
7,c7 a corporation1 p>tn]%ip1 or jo9t   
v5ture2  7,d7 a regional plann+ ag5cy2  
7,e7 a tribal gov]nm5t2 or  7,f7 a      
transit ag5cy4  7#b7 ,eligible borr[] ,!
 t]m eligible borr[] means--  7,a7 a    
gov]nm5tal entity1 au?ority1 ag5cy1 or  
in/rum5tality2  7,b7 a corporation1     
p>tn]%ip1 jo9t v5ture1 or tru/ on behalf
 ( :i* an eligible applicant has        
submitt$ an application "u subsection   
7c72 or  7,c7 any o!r legal entity      
und]tak+ an eligible project on behalf (
 :i* an eligible applicant has submitt$ 
an application "u subsection 7c74  7#c7 
,eligible project ,! t]m eligible       
project means an eligible equitable     
transit-ori5t$ developm5t or mobility   
project1 includ+--  7,a7 prop]ty        

enhancem5t1 includ+ conduct+            
environm5tal rem$iation1 p>k developm5t1
 & op5 space acquisition2  7,b7         
improvem5t ( mobility & p>k+1 includ+   
rehabilitat+1 or provid+ = additional1  
/reets1 transit /ations1 /ructur$ p>k+1 
walkways1 & bikeways2  7,c7 utility     
developm5t1 includ+ rehabilitat+ exi/+1 
or provid+ = new dr9k+ wat]1 wa/ewat]1  
electric1 & gas utilities2  7,d7        
economic developm5t1 includ+ comm]cial &
 resid5tial developm5t1 locat$ 9 a      
priority inve/m5t area2 or  7,e7        
comm]cial & resid5tial projects t       
includes-- 7i7 a project = resid5tial or
 mix$-use developm5t 9 :i*--  7,i7 n    
less ?an #cj p]c5t ( ! resid5tial units 
9 ! project are1 or 9 ! case ( new      
con/ruction1 are designat$ to be1       
r5t-re/rict$2 &  7,,ii7 ! av]age ( !    
designat$ income limitations "u clause  
7ii7 ( all r5t-re/rict$ units does n    
exce$ #hj p]c5t ( ! m$ian gross income 9
 ! area2 &  7ii7 a project = mix$-use   
developm5t =-- 7,i7 af=dable comm]cial  

space d$icat$ to local bus9esses own$ by
 wom5 or p ( color2  7,,ii7 local       
bus9esses prim>ily own$ by individuals  
:o are memb]s ( hi/orically und]s]v$    
populations2 &  7,,iii7 non-pr(it       
organizations :i* s]ve hi/orically      
und]s]v$ communities1 includ+           
communities ( color4  7#d7 ,ess5tial    
community facility ,! t]m ess5tial      
community facility means a facility t   
provides an ess5tial s]vice to ! local  
community = ! b5eficial & ord]ly        
developm5t ( ! community1 includ+-- 7,a7
 a facility t provides heal? s]vices2 & 
7,b7 a facility t provides community1   
social1 or cultural s]vices4  7b7       
,e/abli%m5t ,! ,secret>y may make or    
gu>antee loans "u ?is section to        
eligible borr[]s = eligible projects4   
7c7 ,application ,an eligible applicant 
may submit to ! ,secret>y an application
 = a loan or loan gu>antee "u ?is       
section-- 7#a7 to fund an eligible      
project c>ri$ out by ! eligible         
applicant2 or  7#b7 on behalf ( an      

eligible borr[]1 to fund an eligible    
project c>ri$ out by ! eligible borr[]4 
7d7 ,m9imum project co/s ,an eligible   
project %all h project co/s t are       
reasonably anticipat$ to equal or exce$ 
#b1ejj1jjj4  7e7 ,maximum am\nt ( loan  
,f$]al assi/ance provid$ = a project "u 
?is section may n exce$ #ge p]c5t (     
total project co/s4 ,! ,secret>y may    
increase ! maximum am\nt ( a secur$ loan
 f ! am\nt describ$ 9 ! prec$+ s5t5ce if
 ! secur$ loan is = an eligible project 
= resid5tial or mix$-use developm5t =   
:i*-- 7#a7 n m ?an #cj p]c5t ( ! total  
squ>e footage is us$ = comm]cial        
developm5t2 or  7#b7  7,a7 n m ?an #ej  
p]c5t ( ! total squ>e footage is us$ =  
comm]cial developm5t2 &  7,b7 n less ?an
 #ej p]c5t ( ! squ>e footage describ$ 9 
subp>agraph 7,a7 is res]v$ = ess5tial   
community facilities4  7f7 ,eligible    
s\rces ( repaym5t ,a loan made or       
gu>ante$ "u ?is section %all be         
repayable1 9 :ole or 9 "p1 f d$icat$    
rev5ue s\rces1 :i* may include-- 7#a7   

us] fees2  7#b7 prop]ty tax rev5ues2    
7#c7 sales tax rev5ues2 or  7#d7 o!r    
rev5ue s\rces d$icat$ to ! project by   
prop]ty own]s & bus9esses4  7g7 ,int]e/ 
rate ,! ,secret>y %all e/abli% an int]e/
 rate = loans made or gu>ante$ "u ?is   
section ) ref]5ce to a b5*m>k int]e/    
rate yield on m>ketable ,treasury       
securities ) a maturity t is simil> to !
 loans made or gu>ante$ "u ?is section4 
7h7 ,maximum maturity ,! maturity ( a   
loan made or gu>ante$ "u ?is section may
 n exce$ ! less] (-- 7#a7 #ce ye>s2 or  
7#b7 #ij p]c5t ( ! useful life ( !      
project to be f9anc$ by ! loan or loan  
gu>antee1 z det]m9$ by ! ,secret>y4  7i7
 ,maximum loan gu>antee rate  7#a7 ,9   
g5]al ,! gu>antee rate on a loan        
gu>ante$ "u ?is section may n exce$ #ge 
p]c5t ( ! am\nt ( ! loan4  7#b7 ,l[]    
gu>antee rate = l[-risk borr[]s ,!      
,secret>y %all e/abli% a gu>antee rate =
 loans to eligible borr[]s t ! ,secret>y
 det]m9es pose a l[] risk ( default t is
 l[] ?an ! gu>antee rate = loans to o!r 

eligible borr[]s4  7j7 ,fees ,!         
,secret>y %all e/abli% fees = loans made
 or gu>ante$ "u ?is section 9 am\nts up 
to1 b n exce$+1 ! co/s to ! ,f$]al      
,gov]nm5t ( mak+ or gu>antee+ a loan "u 
?is section4  7k7 ,nonsubord9ation ,a   
loan made or gu>ante$ "u ?is section = a
 project may n be subord9at$ to ! claims
 ( any hold] ( an obligation relat+ to !
 project 9 ! ev5t ( bankruptcy1         
insolv5cy1 or liquidation4  7l7         
,comm5cem5t ( repaym5t ,! s*$ul$        
repaym5t ( pr9cipal or int]e/ on a loan 
made or gu>ante$ "u ?is section = a     
project %all comm5ce n lat] ?an #e ye>s 
aft] ! date ( sub/antial completion ( ! 
project4  7m7 ,repaym5t def]ral = loans 
7#a7 ,9 g5]al  7,a7 ,loan made by       
,secret>y ,if1 at any "t aft] ! date (  
sub/antial completion ( a project "u !  
program1 ! ,secret>y det]m9es t d$icat$ 
rev5ue s\rces ( an eligible borr[] are  
insuffici5t to make ! s*$ul$ loan       
repaym5ts ( pr9cipal & int]e/ on a loan 
made or gu>ante$ "u ?is section1 !      

,secret>y may1 subject to crit]ia       
e/abli%$ by ! ,secret>y1 all[ ! eligible
 borr[] to def] paym5ts & add unpaid    
pr9cipal & int]e/ to ! out/&+ balance ( 
! loan4  7,b7 ,loan gu>ante$ by         
,secret>y ,if1 at any "t aft] ! date (  
sub/antial completion ( a project1 !    
,secret>y det]m9es t d$icat$ rev5ue     
s\rces ( an eligible borr[] are         
insuffici5t to make ! s*$ul$ loan       
repaym5ts ( pr9cipal & int]e/ on a loan 
gu>ante$ by ! ,secret>y "u ?is section1 
! ,secret>y may1 subject to crit]ia     
e/abli%$ by ! ,secret>y--  7i7 add      
unpaid pr9cipal & int]e/ to ! out/&+    
balance ( ! loan2 &  7ii7 modify ! t]ms 
( ! loan gu>antee to reflect a          
modification made "u clause 7i74  7#b7  
,treatm5t ( def]r$ paym5ts ,any paym5t  
def]r$ "u ?is section %all-- 7,a7       
cont9ue to accrue int]e/ until fully    
repaid2 &  7,b7 be s*$ul$ to be amortiz$
 ov] ! rema9+ t]m ( ! loan4  7n7        
,consultation ,9 c>ry+ out ?is section1 
! ,secret>y %all consult ) ! ,secret>y (

 ,h\s+ & ,urban ,developm5t1 z          
appropriate4  7o7 ,requirem5t ,( ! funds
 made available to c>ry out ?is section 
= ea* fiscal ye>1 n less ?an #e p]c5t   
%all be us$ = eligible projects 9 rural 
& disadvantage communities4  7p7        
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ = ! co/ (    
loans & loan gu>antees "u ?is section-- 
7#a7 #cjj1jjj1jjj = ea* ( fiscal ye>s   
#bjba & #bjbb2 &  7#b7 #ejj1jjj1jjj =   
ea* ( fiscal ye>s #bjbc & #bjbd4  #i4   
,am5dm5ts to ,,tifia & ,,rrif  7a7      
,det]m9ation ( eligibility & project    
selection ,section #fjb7;a77#e77;,b77ii7
 ( title #bc1 ,unit$ ,/ates ,code1 is   
am5d$ by ins]t+ or section #ecjb7c77;,g7
 aft] #fja7;a77#ab77;,e74  7b7 ,secur$  
loans ,section #fjc7;b77#b7 ( title #bc1
 ,unit$ ,/ates ,code1 is am5d$--  7#a7 9
 subp>agraph 7,a7 by /rik+ subp>agraph  
7,a7 & ins]t+ subp>agraphs 7,a7 & 7,b72 
&  7#b7 by add+ at ! end ! foll[+3  7,c7
 e,t,o,d & mobility projects  7i7 ,9    
g5]al ,not)/&+ subp>agraph 7,a71 9 !    

case ( a project describ$ 9 clause 7ii71
 ! maximum am\nt ( a secur$ loan "u ?is 
section %all be #di p]c5t ( ! reasonably
 anticipat$ eligible project co/s4  7ii7
 ,project description ,= purposes (     
clause 7i71 a project eligible = ! loan 
describ$ 9 clause 7i7 %all be a project 
c]tifi$ "u section #d7;i77#c7 ( !       
,promot+ ,equitable ,transit-,ori5t$    
,developm5t & ,mobility ,corridors ,act4
  4  7c7 ,cr$itwor?9ess ,section        
#fjb7;a77#b7 ( title #bc1 ,unit$ ,/ates 
,code1 is am5d$ by add+ at ! end !      
foll[+3  7,c7 ,additional cr$itwor?9ess 
factors ,not)/&+ subp>agraph 7,a71 an   
applicant may demon/rate cr$itwor?9ess  
"u ?is p>agraph by provid+--  7i7       
collat]al2  7ii7 ! applicant's audit$   
f9ancial data1 includ+ balance %eet1    
income /atem5t1 & ca% fl[ /atem5ts2 or  
7iii7 ca% fl[ projections f a project4  
4  7d7 ,direct loans & loan gu>antees   
,section #ejb7;b7 ( ! ,railroad         
,revitalization & ,regulatory ,re=m ,act
 ( #aigf 7#de ,u4,s4,c4 #hbb7;b77 is    

am5d$--  7#a7 9 p>agraph 7#a77;,e7--    
7,a7 9 clause 7ii7 by /rik+ ! semicolon 
& ins]t+ 2 &2  7,b7 9 clause 7iii7 by   
/rik+ 2 & & ins]t+ a p]iod2 &  7,c7 by  
/rik+ clause 7iv72 &  7#b7 by /rik+     
p>agraph 7#c74  7e7 ,conditions (       
assi/ance ,section #ejb7;h77#d7 ( !     
,railroad ,revitalization & ,regulatory 
,re=m ,act ( #aigf 7#de ,u4,s4,c4       
#hbb7;h77#d77 is am5d$ by ins]t+ 1      
except t a ,f$]al mat* %all n be requir$
 = any project c]tifi$ "u section       
#d7;i77#c7 ( ! ,promot+ ,equitable      
,transit-,ori5t$ ,developm5t & ,mobility
 ,corridors ,act or = a project t has   
d$icat$ rev5ues = af=dable h\s+ or      
public transportation4  #aj4 ,local     
infra/ructure bank program ,section #faj
 ( title #bc1 ,unit$ ,/ates ,code1 is   
am5d$-- 7#a7 9 subsection 7a7--  7,a7 by
 ins]t+ or regional infra/ructure bank  
aft] ,/ate infra/ructure bank ea* place 
t x appe>s2 &  7,b7 by add+ at ! end !  
foll[+3  7#ac7 ,local infra/ructure bank
 ,! t]m local infra/ructure bank means  

an infra/ructure bank ( a city1 t[n1    
bor\gh1 c\nty1 p>i%1 di/rict1 or o!r    
public body creat$ by1 or pursuant to1  
,/ate or ,f$]al law4  2  7#b7 9         
subsection 7b7 by ins]t+ or local       
infra/ructure banks aft] ,/ate          
infra/ructure banks2  7#c7 9 subsection 
7d7 by ins]t+ or local infra/ructure    
bank aft] ,/ate infra/ructure bank ea*  
place t x appe>s2 &  7#d7 9 subsection  
7e7 by ins]t+ or local infra/ructure    
bank aft] ,/ate infra/ructure bank ea*  
place t x appe>s4  #aa4 ,fix$ guideway  
capital inve/m5t grants ,section        
#ecji7;a77#e7 ( title #di1 ,unit$ ,/ates
 ,code1 is am5d$-- 7#a7 9 subp>agraph   
7,a7 by /rik+ 2 or & ins]t+ a semicolon2
  7#b7 9 subp>agraph 7,b7 by /rik+ !    
p]iod & ins]t+ 2 or2 &  7#c7 by add+ at 
! end ! foll[+3  7,c7 a new af=dable    
h\s+ tru/ fund to promote af=dable h\s+4
  4  #ab4 ,def9itions  7a7 ,capital     
project ,section #ecjb7c77;,g77iii7 (   
title #di1 ,unit$ ,/ates ,code1 is am5d$
 by ins]t+ or af=dable h\s+ aft] public 

transportation4  7b7 ,af=dable h\s+     
,section #ecjb ( title #di1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  7#be7 ,af=dable h\s+ ,! t]m  
af=dable h\s+ means--  7,a7 h\s+ = :i* !
 h\sehold sp5ds less ?an #cj p]c5t (    
income on h\s+ co/s2 or  7,b7 h\s+ = :i*
 ! h\sehold sp5ds #de p]c5t or m ( !    
income ( ! h\sehold on h\s+ &           
transportation comb9$ z det]m9$ by !    
,location ,af=dability ,index publi%$ by
 ! ,dep>tm5t ( ,transportation & !      
,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 
4