PUBLIC LAW 95-599—NOV. 6, 1978
92 STAT. 2737
project, shall be sufficient to complete an operable segment. No obligation or administrative commitment may be made pursuant to such a letter of intent except as funds are provided in appropriations Acts. The total estimated amount of future Federal obligations covered by all outstanding letters of intent shall not exceed the amount authorized in section 4(0) of this Act, less an amount reasonably estimated by the Infra. Secretary to be necessary for grants under this section which are not covered by a letter of intent. The total amount covered by new letters issued shall not exceed any limitation that may be specified in an appropriations Act. Nothing in this paragraph shall affect the validity of letters of intent issued prior to the enactment of the Federal Public Ante, p. 2735. Transportation Act of 1978.". (b) Section 3(b) of the Urban Mass Transportation Act of 1964 is 49 USC 1602. amended by striking out "including the net cost of property management" and inserting in lieu thereof the following: "including reconstruction, renovation, and the net cost of property management". (c) Section 3(e)(1) of the Urban Mass Transportation Act of 1964 is amended by striking out "the Secretary finds that such assistance is essential to a program, proposed or under active preparation, for a unified or officially coordinated urban transportation system as part of the comprehensively planned development of the urban area" and inserting in lieu thereof "the Secretary finds that such assistance is essential to the program of projects required by section 8 of this Act". Post, p. 2743. (d) Section 3(h) of the Urban Mass Transportation Act of 1964 Buses and related facilities, is amended to read as follows: "(h) Notwithstanding any other provision of this Act, the Secre- expenditures. tary, upon application by a local public body, may approve a project which utilizes funds available under sections 3 and 5 of this Act, but 49 USC 1604. in any such project, none of the funds available under section 3 may be expended in connection with the acquisition of buses, bus equipment, or bus related facilities unless the combined project includes new buses, bus equipment, or bus related facilities the cost of which is at least equal to the total amount that reasonably could have been provided for such purposes with funds available under section 5(a)(4).". AUTHORIZATIONS
SEC. 303. (a) The caption of section 4 of the Urban Mass Transportation Act of 1964 is amended to read as follows: "NET PROJECT COST, 49 USC 1603. FEDERAL SHARE, AND AUTHORIZATIONS".
(b) Section 4(a) of the Urban Mass Transportation Act of 1964 is amended by striking out the first three sentences. (c) Section 4(c) of the Urban Mass Transportation Act of 1964 is amended by inserting " (1) " immediately after " (c) "; by inserting after the word "Act" the second time it appears in the first sentence the words "as it read prior to enactment of the Federal Public Transportation Act of 1978"; by striking out the last sentence; and by adding at the end thereof the following new paragraphs: "(2) Notwithstanding paragraph (1) of this subsection or any other provision of this Act, the unobligated balance of contract authority established pursuant to paragraph (1) shall not be available for administrative commitment after September 30, 1978, and shall lapse on September 30, 1980. "(3)(A) To finance additional grants and loans under section 3 of this Act and to finance grants and contracts under subsection (i)