Protecting Transit Through Increased Flexibility Act of 2011

[AI summary unavailable — showing source text] Protecting Transit Through Increased Flexibility Act of 2011 - Authorizes the Secretary of Transportation (DOT) to make urbanized area formula grants for the operating costs of equipment and facilities for use in public transportation in an urbanized area with a population of at least 200,000, if: (1) the term of the grant does not exceed one year; and (2) such grant funds are derived from formula grants requested by the grantee and approved by the Secretary for capital projects, planning, or transit enhancements. Repeals current requirements that: (1) the area population not exceed 225,000, (2) the urbanized area include parts of more than one state; (3) the portion of the urbanized area receiving grant funds include only one state; (3) the population of the portion of the urbanized area receiving such funds be less than 30,000; and (4) the grant will not be used to provide public transportation outside of the portion of the urbanized area receiving the funds. Requires grant applications to: (1) document reduced tax revenue or appropriations of funds available to the recipient over the previous year, as well as increased fuel costs or any other factor affecting the operating costs…