An Act to amend the Urban Mass Transportation Act of 1964 to permit financial assistance to be furnished under that Act for the acquisition of certain equipment which may be used for charter service in a manner which does not foreclose private operators from furnishing such service, and for other purposes.

[AI summary unavailable — showing source text] Declares that on and after July 1, 1974, no Federal financial assistance shall be provided under the Urban Mass Transportation Act of 1964 for the purchase of buses to any applicant for such assistance unless such applicant and the Secretary of Transportation shall have entered into an agreement that such applicant or the publicly owned operator of mass transportation service for the applicant will not engage in charter bus operations in unfair or destructive competition with private bus operators outside of the urban area or areas within which such applicant provides regularly scheduled mass transportation service.…