Repealing the authority of the Secretary of Transportation to designate transit-oriented development; establishing the Transit-Oriented Development Capital Grant and Revolving Loan Fund to promote the equitable and inclusive development of transit-oriented developments; authorizing the Department of Transportation to use the Fund to provide financial assistance to local jurisdictions; requiring the Governor to include in the annual budget bill an amount sufficient to ensure a Fund balance of at least $5,000,000; etc.
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Last Updated: 6/9/2023 2:19 PM