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House Committee on Transportation and InfrastructureHighways and TransitIntroducedMarch 17th, 2009
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Private Investment in Commuter Vanpooling Act of 2009
To amend title 49, United States Code, to permit certain revenues of private providers of public transportation by vanpool received from providing public transportation to be used for the purpose of acquiring rolling stock, and to permit certain expenditures of private vanpool contractors to be credited toward the local matching share of the costs of public transportation projects.
Private Investment in Commuter Vanpooling Act of 2009 - Allows the local matching share provided by a public transportation capital project assistance recipient to include expenditures by a private commuter vanpooling service provider to acquire rolling stock (vans). Authorizes such a private provider to use vanpool revenues exceeding operating costs to acquire such vans, if there is a binding agreement requiring the vans to be used in the state or local government's service area.