WASHINGTON, July 1 -- Federal Transit Administration has issued a proposed rule called: Private Investment Project Procedures.

The proposed rule was published in the Federal Register on July 1 by Tariq Bokhari, Acting Administrator.

Summary: In this action, the Federal Transit Administration (FTA) seeks to reduce the regulatory burden on recipients subject to FTA's private investment procedures by removing an unnecessary reporting requirement.

For more information, contact Please contact Mark Montgomery, Office of Chief Counsel, FTA, telephone at 202-684-5301 or mark.montgomery@dot.gov.Office hours are from 8:30 a.m. to 5 p.m, Monday through Friday, except Federal holidays.

The full text of the proposed rule can be found at: http://www....