Section 1. Short title
This Act may be cited as the Union Station Redevelopment Corporation Funding Eligibility Act or the USRC Funding Eligibility Act.
(1) Eligibility
The Union Station Redevelopment Corporation shall be eligible to receive grants under the program for national infrastructure investments (commonly known as the Better Utilizing Investments to Leverage Development (BUILD) grant program and formerly known as the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant program) carried out by the Department of Transportation.
(b) National infrastructure project assistance grants
Section 6701 of title 49, United States Code, is amended—
(1) in subsection (a)(2)—
(A) in subparagraph (G) by striking and at the end;
(B) in subparagraph (H) by striking (G) and inserting (H);
(C) by redesignating subparagraph (H) as subparagraph (I); and
(D) by inserting after subparagraph (G) the following:; and
(H) Union Station Redevelopment Corporation; and
(2) in subsection (i) by adding at the end the following:
(4) Exception
Notwithstanding paragraph (1), the total amount awarded for a project under the program awarded to the entity described in subsection (a)(2)(H) shall be 100 percent of the total eligible project costs described in subsection (h).
(c) Consolidated rail infrastructure and safety improvement grants
Section 22907 of title 49, United States Code, is amended—
(1) in subsection (b) by adding at the end the following:; and
(14) The Union Station Redevelopment Corporation.
(2) in subsection (h)(2) by inserting, except that with respect to the entity described in subsection (b)(14) the Federal share shall be 100 percent before the period.
(d) Federal-State partnership for intercity passenger rail grants
Section 24911 of title 49, United States Code, is amended—
(1) in subsection (a)(1)—
(A) in subparagraph (G) by striking or at the end;
(B) in subparagraph (H) by striking (G) and inserting (H);
(C) by redesignating subparagraph (H) as subparagraph (I); and
(D) by inserting after subparagraph (G) the following:; and
(H) the Union Station Redevelopment Corporation; or
(2) in subsection (f) by adding at the end the following:
(4) Exception
The total amount awarded for a project under the program awarded to the entity described in subsection (a)(1)(H) shall be 100 percent.