National Mass Transportation Assistance Act

[AI summary unavailable — showing source text] National Mass Transportation Assistance Act - Increases the number and type of facilities eligible for Federal assistance under the Urban Mass Transportation Act of 1964. Increases the authorization for the purpose of financing grants and loans under such Act from $6,100,000,000 to $15,600,000,000. States, that the Secretary of Transportation shall not approve any project in an urbanized area after July 1, 1976, under this Act unless he finds that such project is based on a continuing comprehensive transportation planning process carried on in a manner that will serve the States and local communities efficiently and effectively. Provides a formula under which the Secretary shall apportion the $5,000,000,000 made available to the States in the form of grants for emergency programs under the Urban Mass Transportation Act of 1964. Authorizes specified appropriations for fiscal years 1975 through 1979 to liquidate the obligations incurred for the project costs of emergency programs under such Act. States that the Secretary may approve as a project under this Act: (1) the acquisition, construction, and improvement of facilities and equipment for use, by operation or lease or otherwise, …