1517 - Capital improvements program.
§ 1517. Capital improvements program. (a) Eligibility.--A local transportation organization may apply for financial assistance under this section. (b) Applications.--The department shall establish the contents of the application for the program established under this section. The information shall be in addition to information required under section 1507 (relating to application and approval process). (c) Distribution formula.--The department shall award financial assistance under this section based on the number of passengers. The actual amount awarded to a local transportation organization under this subsection shall be calculated as follows: (1) Multiply the local transportation organization's passengers by the total amount of funding available under this section. (2) Divide the product under paragraph (1) by the sum of the passengers for all qualifying local transportation organizations. (d) Payments.--Financial assistance under this section shall be paid to local transportation organizations at least quarterly. (e) Reduction in financial assistance.--Financial assistance provided to a local transportation organization under this section shall be reduced by any financial assistance received previously under this section which has not been spent or committed in a contract within three years of its receipt. Cross References. Section 1517 is referred to in section 1506 of this title.