~KlflWj'*' PUBLIC LAW 105-178-^JUNE 9, 1998 112 STAT. 217 "(1) IN GENERAL. — The Secretary shall make available financial assistance to pay the Federal share of full project costs of eligible projects selected under this section. Financial assistance made available under this section and projects assisted with the assistance shall be subject to section 5333(a) of title 49, United States Code. "(2) FEDERAL SHARE.—The Federal share of full project costs under paragraph (1) shall be not more than %. "(3) USE OF ASSISTANCE.—F inancial assistance provided under paragraph (1) shall be used only to pay eligible project costs of projects selected under this section. "(c) SOLICITATION OF APPLICATIONS FOR ASSISTANCE. —Not later than 180 days after the date of enactment of this subsection, the Secretary shall solicit applications from States, or authorities designated by 1 or more States, for financial assistance authorized by subsection (b) for planning, design, and construction of eligible MAGLEV projects. "(d) PROJECT ELIGIBILITY. —To be eligible to receive financial assistance under subsection (b), a project shall— "(1) involveasement or segments of a high-speed or low-speed ground transportation corridor that exhibit partnership potential; "(2) require an amount of Federal funds for project financing that will not exceed the sum of— "(A) the amounts made available under subsection (h)(1)(A); and "(B) the amounts made available by States under subsection (h)(4); "(3) result in an operating transportation facility that provides a revenue producing service; "(4) be undertaken through a public and private partnership, with at least Vz of full project costs paid using non- Federal funds; "(5) satisfy applicable statewide and metropolitan planning requirements; "(6) be approved by the Secretary based on an application submitted to the Secretary by a State or authority designated by 1 or more States; "(7) to the extent that non-United States MAGLEV technology is used within the United States, be carried out as a technology transfer project; and "(8) be carried out using materials at least 70 percent of which are manufactured in the United States. "(e) PROJECT SELECTION CRITERIA.— Prior to soliciting applications, the Secretary shall establish criteria for selecting which eligible projects under subsection (d) will receive financial assistance under subsection (b). The criteria shall include the extent to which— "(1) a project is nationally significant, including the extent to which the project will demonstrate the feasibility of deploy- ment of MAGLEV technology throughout the United States; "(2) timely implementation of the project will reduce congestion in other modes of transportation and reduce the need for additional highway or airport construction; "(3) States, regions, and localities financially contribute to the project; "(4) implementation of the project will create new jobs in traditional and emerging industries;
�
