To promote transportation-oriented development and encourage dedicated revenue sources for urban and regional rail corridor development.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``National High Performance Passenger Rail Transportation-Oriented Development Act of 2012''.
SEC. 2. TRANSPORTATION-ORIENTED DEVELOPMENT INITIATIVE.
(a) Establishment.--The Secretary of Transportation (in this Act referred to as the ``Secretary'') shall establish an initiative to promote passenger rail operations and transportation-oriented development by creating incentives for communities to encourage dedicated revenue sources for urban and regional rail corridor development. (b) Implementation.--The Secretary shall appoint a Planning Developer to oversee implementation of this initiative. The Planning Developer shall report to the Secretary. (c) Coordinating Committee.--The Secretary shall harmonize planning requirements and direct coordination and administration of the initiative between the Federal Railroad Administration and the Federal Transit Administration. The Secretary shall appoint a Transportation- Oriented Development Coordinating Committee composed of the Planning Developer as Chair, the Administrator of the Federal Railroad Administration, and the Administrator of the Federal Transit Administration.
SEC. 3. FEDERAL INCENTIVES.
(a) Qualified Projects.-- (1) Criteria.--The Secretary shall establish criteria for the designation of projects qualified for Federal incentives pursuant to this section and the amendments made by this section. (2) Types of projects that may qualify.--Projects that may qualify for Federal incentives pursuant to this section and the amendments made by this section are those that contribute to the generation of revenue by...