Public Transportation Stimulus Act

[AI summary unavailable — showing source text] Public Transportation Stimulus Act - Amends the Urban Mass Transportation Act to extend the authorization for appropriations for urban mass transportation programs. Requires that certain percentages of such sums be used to assist States in the purchase of buses and the acquisition and improvement of rolling stock for fixed-rail public mass transportation. Directs the Secretary of Transportation to establish a grants delivery system that will accelerate the project application and funding process under such Act. Extends the authorization for appropriations for the urban mass transit grant program and the supplemental grant program under such Act. Authorizes appropriations to finance grants for mass transit programs in areas other than urbanized areas. Stipulates that recipients for a managerial training fellowship under such Act shall be chosen on the basis of demonstrated ability and for the contribution which he or she can reasonably be expected to make to an efficient public transportation operation. Requires that urbanized areas make their public transportation systems accessible to handicapped and elderly persons as a condition to receiving a loan or a grant under such Act. Aut…