considers this action complete. 770 Federal Transit Major Capital This rulemaking would 5 10/31/2012 12/01/2012 01/09/2013 Includes 08/2011 Administration Investment create a new regulatory Retrospective Projects (RRR) framework for FTA´s Review evaluation and rating of E.O.13563: projects seeking funding Anticipated cost under the discretionary New savings: FTA Starts and Small Starts estimates current programs authorized by 49 overall New and U.S.C. 5309. Specifically, Small Starts this rulemaking would annual paperwork simplify the measures for burden hours to be assessing the mobility approximately improvements and 275 hours for each effectiveness of projects; of the estimated would place greater 135 respondents emphasis on the totaling 37,070 environmental benefits of hours and annual projects and the effects of costs totaling projects on local economic $2,780,250. The development; would clarify proposals in the the criteria for assessing the NPRM and local financial commitment accompanying of project sponsors; would proposed streamline the evaluation guidance, if process for projects that adopted, would remain within a certain modify the time envelope of cost and scope required to during the project prepare and development process; and submit an would provide a very quick applications. evaluation process for Thus, FTA certain types of projects estimates burden seeking funding under the hours would be Small Starts program. approximately
considers this action complete. 770 Federal Transit Administration Major Capital Investment Projects (RRR) This rulemaking would create a new regulatory framework for FTA´s evaluation and rating of projects seeking funding under the discretionary New Starts and Small Starts programs authorized by 49 U.S.C. 5309. Specifically, this rulemaking would simplify the measures for assessing the mobility improvements and of projects; would place greater emphasis on the environmental benefits of projects and the effects of projects on local economic development; would clarify the criteria for assessing the local financial commitment of project sponsors; would streamline the evaluation process for projects that remain within a certain envelope of cost and scope during the project development process; and would provide a very quick evaluation process for certain types of projects seeking funding under the Small Starts program. 5 10/31/2012 12/01/2012 01/09/2013 Includes Retrospective Review E.O.13563: Anticipated cost savings: FTA estimates current overall New and Small Starts annual paperwork burden hours to be approximately 275 hours for each of the estimated 135 respondents totaling 37,070 hours and annual costs totaling $2,780,250. The proposals in the NPRM and accompanying proposed guidance, if adopted, would modify the time required to prepare and submit an applications. Thus, FTA estimates burden hours would be approximately 08/2011 effectiveness
DOT%20July%202014%20RRR%20Report%20-%2007-30-14%20Final.docx