268.7—Federal/State share and restrictions on the uses of Federal Maglev Funds.
(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 ;
(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.