PETROLEUM VIOLATION ESCROW ACCOUNT FUNDS.

SEC. 3039. PETROLEUM VIOLATION ESCROW ACCOUNT FUNDS. Notwithstanding any other provision of law, the Federal Transit Administration shall allow petroleum violation escrow account funds spent by the New Jersey Transit Corporation on transit improvements to be applied as credit towards the non-Federal match for any transit project funded under the Federal Transit Act. The New Jersey Transit Corporation shall demonstrate that the use of such a credit does not result in the reduction in non-Federal funding for transit projects within the fiscal year in which the credit is applied.