Urban Mass Transportation Amendments Act

[AI summary unavailable — showing source text] Urban Mass Transportation Amendments Act - Authorizes the Secretary of Transportation to incur obligations on behalf of the United States for urban mass transportation in the form of grant agreements or otherwise in amounts not to exceed $7,400,000,000. States that of this sum, the Secretary shall apportion to the Governors of the fifty States and Puerto Rico and to the Mayor of the District of Columbia $700,000,000 for fiscal year 1975, $800,000,000 for fiscal year 1976, and $900,000,000 for fiscal year 1977. Declares that these amounts shall become available upon the effective date of this Act and shall remain available until obligated. Authorizes sums to be appropriated for liquidation of the obligation incurred under this Act not to exceed $1,260,000,000 prior to July 1, 1974, not to exceed an aggregate of $1,860,000,000 prior to July 1, 1975, and not to exceed an aggregate of $7,400,000,000 thereafter. Provides that administration reservations for grants authorized under this Act shall not exceed $700,000,000 for fiscal year 1975. Declares that on the first day of fiscal years 1975, 1976, and 1977, the Secretary shall apportion the authorized sums to the Governors in the ratio…