eligibility of qua8i-public development corporations

eligibility of qua8i-public development corporations Sec. 104. (a) The first sentence of section 3(a) of the Urban Mass Transportation Act of 1964 is amended by inserting “(1)” after “financing”, and by inserting before the period at the end thereof the 88 Stat. 1572following: “, and (2) the establishment and organization of public or quasi-public transit corridor development corporations or entities”. (b) The second sentence of section 3(a) of such Act is amended to read as follows: “Eligible facilities and equipment may include personal property including buses and other rolling stock and real property including land (but not public highways), within the entire zone affected by the construction and operation of transit improvements, including station sites, needed for an efficient and coordinated mass transportation system which is compatible with socially, economically, and environmentally sound patterns of land use.”