Interstate Ferry Fairness Act
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Summary
This bill amends federal transportation law to allow privately owned and majority-privately owned ferry operations and terminal facilities to be eligible for federal funding under the Ferry Boat Program, provided they operate between two adjoining states and the Secretary of Transportation determines they provide substantial public benefits or meet surface transportation needs. The bill permits federal funds to be used for construction or purchase of ferry boats and terminal facilities for private ownership, and establishes a fare-setting mechanism allowing privately owned ferries to charge fares covering operational costs plus a Secretary-determined reasonable rate of return.
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