112 STAT. 356 PUBLIC LAW 105-178-JUNE 9, 1998 in each of fiscal years 1999 through 2003 to carry out section 5308. "(5) FUNDING FOR FERRY BOAT SYSTEMS. — "(A) Of the amounts made available under paragraph (1)(B), $10,400,000 shall be available in each of fiscal years 1999 through 2003 for capital projects in Alaska or Hawaii, for new fixed guideway systems and extensions to fixed guideway systems that are ferry boats or ferry terminal facilities, or that are approaches to ferry terminal facilities. "(B) Of the amounts appropriated under section 5338(h)(5), $3,600,000 shall be available in each of fiscal years 1999 through 2003 for capital projects in Alaska or Hawaii, for new fixed guideway systems and extensions to fixed guideway systems that are ferry boats or ferry terminal facilities, or that are approaches to ferry terminal facilities.". (h) CONFORMING AMENDMENTS. — (1) REPEAL.—Section 5309(f) is amended to read as follows: "(f) [Reserved.]". (2) CROSS REFERENCE.— Section 5328(a)(2) is amended by striking "5309(e)(l)-(6) of this title" and inserting "5309(e)". (3) REFERENCES TO FULL FUNDING GRANT AGREEMENTS.— Chapter 53 is amended— (A) in section 5320— (i) by striking "full financing" each place it appears and inserting "full funding"; and (ii) in subsection (e) in the subsection heading, by striking "FINANCING" and inserting "FUNDING"; and (B) in section 5328(a)(4) by striking "full financing" each place it appears and inserting "full funding". (i) REPORTS. —Section 5309 is amended by adding at the end the following: "(o) REPORTS. — " (1) FUNDING LEVELS AND ALLOCATIONS OF FUNDS FOR FIXED GUIDEWAY SYSTEMS.— "(A) ANNUAL REPORT.— Not later than the first Monday in February of each year, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report that includes a proposal on the allocation of amounts to be made available to finance grants and loans for capital projects for new fixed guideway systems and extensions to existing fixed guideway systems among applicants for those amounts. "(B) RECOMMENDATIONS ON FUNDING. —-The annual report under this paragraph shall include evaluations and ratings, as required under subsection (e), for each project that is authorized or has received funds under this section since the date of enactment of the Federal Transit Act of 1998 or October 1 of the preceding fiscal year, whichever date is earlier. The report shall also include recommendations of projects for funding based on the evaluations and ratings and on existing commitments and anticipated funding levels for the next 3 fiscal years and for the next 10 fiscal years based on information currently available to the Secretary.
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