PROJECT REVIEW.

SEC. 3027. PROJECT REVIEW. Section 5328(a) is amended—(1) in paragraph (1) by striking “(1) When the Secretary of Transportation allows a new fixed guideway project to advance into the alternatives analysis stage of project review, the Secretary shall cooperate with the applicant in” and inserting the following:“(1) Alternatives analysis.—The Secretary shall cooperate with an applicant undertaking an alternatives analysis required by subsections (d) and (e) of section 5309 in the”; and(2) in paragraph (2)—(A) by striking “(2) After” and inserting the following:“(2) Advancement to preliminary engineering stage.—After”; and(B) by striking “is consistent with section 5309(e)” and inserting “meets the requirements of subsection (d) or (e) of section 5309”;(3) in paragraph (3)—119 STAT. 1624(A) by striking “(3) The Secretary” and inserting the following:“(3) Record of decision.—The Secretary”;(B) by striking “of construction”; and(C) by adding before the period at the end the following: “if the Secretary determines that the project meets the requirements of subsection (d) or (e) of section 5309”; and(4) by striking paragraph (4) and inserting the following:“(4) Funding agreements.—The Secretary shall enter into a full funding grant agreement or project construction grant agreement, as appropriate, between the Government and the project sponsor if the Secretary determines that the project meets the requirements of subsection (d) or (e) of section 5309.”.