Public Transit Improvement Act of 1984

[AI summary unavailable — showing source text] Public Transit Improvement Act of 1984 - Amends the Urban Mass Transportation Act of 1964 to extend from FY 1984 to 1986 the provisions which allow recipients to transfer portions of capital assistance in exchange for operating assistance. Repeals provisions requiring certification of such transfer. Authorizes the Secretary of Transportation to use discretionary funds resulting from such transfer for the replacement, rehabilitation, and purchase of buses and related equipment and the construction of bus-related facilities. Provides that recipients which transfer funds are not eligible for discretionary grants except for emergency purposes. Increases authorized appropriations for FY 1985 and 1986 for the Mass Transit Account of the Highway Trust Fund and authorizes appropriations for FY 1987. Authorizes the Secretary to obligate funds for multi-year financing in advance of construction projects. Authorizes the Secretary to make emergency capital grants to States and local public bodies for the repair or replacement of public transportation equipment and facilities which have been damaged and seriously disrupted as a result of a natural disaster or catastrophic occurrence. Revises th…