H.R. 8200: Interstate Ferry Fairness Act

The Interstate Ferry Fairness Act aims to amend existing laws to allow privately owned or majority-privately owned ferries and ferry terminal facilities to be eligible for federal funding through the Ferry Boat Program. Here is a breakdown of the main provisions in layman's terms:

Eligibility for Funding

The bill modifies existing federal regulations, specifically Title 23 of the U.S. Code, to broaden the eligibility criteria for participating in the Ferry Boat Program. Currently, this program primarily supports publicly owned or operated ferries. Under this new bill:

• Privately Owned Ferries: Privately owned ferries can receive federal funds for construction or improvement if they operate between two adjoining states or connect public roads.
• Majority Privately Owned Ferries: Ferries that are majority privately owned can also qualify for support, provided they demonstrate that they meet significant public needs or offer substantial public benefits.

Specific Criteria for Federal Participation

The bill establishes that federal support may involve:

• Construction or purchase of ferry boats that transport vehicles and passengers between adjoining states.
• Development of terminal facilities supporting these ferry operations.

This provision would enable a more diverse set of ferry services to access financial assistance necessary for their operations and improvements.

Regulations on Fares

Privately owned or majority privately owned ferries operating between two adjoining states may charge fares. However, the fare structure must comply with specific guidelines:

• The fare can only be set to cover actual operational costs, maintenance, and repairs along with a reasonable profit margin as determined by federal guidelines.

Amendments to Existing Programs

The bill makes conforming amendments to other sections concerning surface transportation block grants and the construction of ferry facilities, ensuring these entities are recognized for funding under the updated criteria.

Effective Date

The changes proposed by this act would take effect one year after the bill is enacted, allowing for a transition period for those affected by these new regulations.

Relevant Companies

None found.