49 CFR § 268.7 - Federal/State share and restrictions on the uses of Federal Maglev Funds.

---
identifier: "/us/cfr/t49/s268.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "49 CFR § 268.7 - Federal/State share and restrictions on the uses of Federal Maglev Funds."
title_number: 49
title_name: "Transportation"
section_number: "268.7"
section_name: "Federal/State share and restrictions on the uses of Federal Maglev Funds."
chapter_name: "FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"
part_number: "268"
part_name: "MAGNETIC LEVITATION TRANSPORTATION TECHNOLOGY DEPLOYMENT PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "49 U.S.C. 322; 23 U.S.C. 322; 49 CFR 1.49."
regulatory_source: "65 FR 2344, Jan. 14, 2000, unless otherwise noted."
cfr_part: "268"
---


# 268.7 Federal/State share and restrictions on the uses of Federal Maglev Funds.

(a) *Federal share.* The Federal share of Full Projects Costs shall be not more than 
2/3, with the remaining 
1/3 paid by the grant recipient using non-Federal funds. Funds made available under STP and CMAQ are considered non-Federal funds for purposes of the matching requirement.

(b) *Restrictions on the uses of Federal Maglev Funds.* (1) Federal Maglev Funds may be applied only to Eligible Project Costs;

(2) Federal Maglev Funds provided under a preconstruction planning grant may be used only for Phase II activities, and for completion of site-specific draft EIS's; see § 268.3;

(3) Federal Maglev Funds may be used to pay for only 
2/3 of preconstruction planning costs; grant recipients are required to pay the remaining 
1/3 of the costs with non-Federal funds; and

(4) The “prevailing wages” requirement of the Davis Bacon Act (40 U.S.C. 276a-276a-5) applies to any construction contracts under the Maglev Deployment Program.