Private Investment in Commuter Vanpooling Act of 2009

The local matching share provided by a recipient of assistance for a capital project under this chapter may include any amounts expended by a private provider of public transportation by vanpool for the acquisition of rolling stock to be used by such private provider in the recipient’s service area, excluding any amounts the provider may have received in Federal, State, or local government assistance for such acquisition.

A private provider of public transportation by vanpool may use revenues it receives in the provision of public transportation service in the service area of a recipient of assistance under this chapter that are in excess of the private provider’s operating costs for the purpose of acquiring rolling stock, if the private provider enters into a legally binding agreement with the recipient that requires the private provider to use the rolling stock in the recipient’s service area.

In this paragraph, the following definitions apply:

The term private provider of public transportation by vanpool means a private entity providing vanpool services in the service area of a recipient of assistance under this chapter using a commuter highway vehicle or vanpool vehicle.

The term commuter highway vehicle or vanpool vehicle means any vehicle—

(I) the seating capacity of which is at least 6 adults (not including the driver); and

(II) at least 80 percent of the mileage use of which can be reasonably expected to be for the purposes of transporting commuters in connection with travel between their residences and their place of employment.