H.R.3978 - New Opportunities for Bicycle and Pedestrian Infrastructure Financing Act of 2014113th Congress (2013-2014)
Summary: H.R.3978 — 113th Congress (2013-2014)
Introduced in House (01/29/2014)
New Opportunities for Bicycle and Pedestrian Infrastructure Financing Act of 2014 - Authorizes the Secretary of Transportation (DOT) to establish a pilot program to make loans and loan guarantees to eligible entities to carry out bicycle and pedestrian infrastructure projects.
Prescribes project eligibility requirements.
Requires the Secretary to ensure that at least 25% of funds provided under this Act are used to support projects in low-income communities.