Patrick Moynihan said "the Maglev Deployment Program in the ISTEA reauthorization legislation contains contract authority of $60 million for pre-construction activities including investment analyses, environmental impact statements and other corridor development activities. The program then provides authorization of $950 million for construction of a project. I wish to ask the chairman to confirm my understanding that these pre-construction activities are to be funded in the same fashion as other transportation programs, that is to say, with an 80 percent Federal match. The Federal role in the actual construction program, however, is limited to not more than a two-thirds match. Is that also the chairman's understanding?" @ PoliticalQuotes.com

On the recordJuly 8, 1998

the Maglev Deployment Program in the ISTEA reauthorization legislation contains contract authority of $60 million for pre-construction activities including investment analyses, environmental impact statements and other corridor development activities. The program then provides authorization of $950 million for construction of a project. I wish to ask the chairman to confirm my understanding that these pre-construction activities are to be funded in the same fashion as other transportation programs, that is to say, with an 80 percent Federal match. The Federal role in the actual construction program, however, is limited to not more than a two-thirds match. Is that also the chairman's understanding?

Said by

Patrick Moynihan

Illinois

Source

govinfo.gov

Editor's note · Context

Discussing funding details for the Maglev Deployment Program during ISTEA reauthorization.

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