Summary: H.R.6360 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.6360. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/24/1975)

National Capital Transportation Act - Authorizes the Secretary of Transportation to pay a portion of the Federal share of the cost of the Adopted Regional System out of funds originally authorized to be appropriated by the National Capital Transportation Act of 1965, up to $1,147,044,000.

Specifies limitation on loan guaranties and minimum matching funds to be contributed by participating local governments under such Act.

Provides for the issuance of Federal share bonds (up to an aggregate principal amount of $1,257,000,000) by the Transit Authority to finance the cost of the Adopted Regional System.

Requires the Transit Authority to annually report to the President and to the Congress the status of its financing under this Act and all other provisions of Federal legislation dealing with the construction of the Adopted Regional System.