S. 1373: Union Station Redevelopment Corporation Funding Eligibility Act

This bill is known as the Union Station Redevelopment Corporation Funding Eligibility Act. Its primary purpose is to allow the Union Station Redevelopment Corporation (USRC) to qualify for certain federal grants that support national infrastructure projects. Here’s a breakdown of the main elements of the bill:

1. Grant Eligibility

The bill specifies that the USRC will be eligible for the following types of grants:

• Better Utilizing Investments to Leverage Development (BUILD) Grants: The USRC can apply for funds under the BUILD grant program, which is designed for national infrastructure investments. The federal government will cover 100% of the costs of these grants awarded to the USRC.
• National Infrastructure Project Assistance Grants: The bill amends current laws to include the USRC as an eligible entity for these grants, also ensuring that these grants can fund 100% of the project costs.
• Consolidated Rail Infrastructure and Safety Improvement Grants: The bill allows the USRC to apply for federal rail infrastructure and safety grants, with the same 100% federal cost coverage applied.
• Federal-State Partnership for Intercity Passenger Rail Grants: This section similarly includes the USRC as a grant-eligible entity, again providing for 100% federal funding for awarded projects.

2. Amendments to Existing Code

The bill includes amendments to various sections of Title 49 of the United States Code, specifically regarding the eligibility criteria for grants to streamline the process and expand funding opportunities for the USRC. These amendments are designed to ensure that the USRC can fully leverage federal resources for redevelopment and infrastructure improvement projects at Union Station.

3. Overall Impact

By making the USRC eligible for these grants, the legislation aims to facilitate the redevelopment of Union Station and related infrastructure improvements. It seeks to enhance transportation options, safety, and possibly spur further economic development in the surrounding area.

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