SECTION 1. Notwithstanding any general or special law to the contrary, the Massachusetts Bay Transit Authority shall create a fund called the “Stimulus-Ready Projects” fund that can be used by the authority to advance planning, design, and engineering work on capital infrastructure projects that would improve transit reliability, increase transit service capacity, reduce greenhouse gas and particulate matter emissions, and improve overall resiliency of the system, in preparation for future federal infrastructure funds

SECTION 2. Within thirty days of the passage of this Act, the Massachusetts Bay Transit Authority shall deposit an amount into the Stimulus-Ready Projects Fund (hereinafter referred to as the “Stimulus Ready Fund”) equal to no less than five percent but no greater than ten percent of total amounts received by the authority from federal emergency aid to transit systems in years 2020 and 2021, including funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Consolidated Appropriations Act of December 2020, and all future federal appropriations that deliver COVID-related emergency aid to the authority.  Future deposits into the fund must be made by the authority within ten days of receipt of federal funds.

SECTION 3. The mission of the Stimulus Ready Fund is to expedite the planning, design, and engineering of infrastructure projects so that projects can be eligible to receive, or take best advantage of, federal infrastructure funding from any federal appropriation or authorization bills during federal fiscal years 2021 and 2022 providing funding for transportation projects that is necessary to complete construction and implementation of capital projects that meet one or more of the following eligibility requirements: i) projects unfunded or not fully funded in the authority’s Capital Investment Plan, with a priority for projects that improve transit access and connectivity on the Blue, Red and Silver lines;  ii)  projects specifically related to improving transit reliability, increasing transit service capacity, reduce greenhouse gas and particulate matter emissions, and improving overall resiliency of the system, iii) projects related to the improvements recommended by the regional rail vision, including without limitation electrification of the commuter rail system, increasing capacity of commuter rail track infrastructure, and station infrastructure, and (iv) projects related to infrastructure, facilities, and maintenance needs for a battery-operated bus network.  No funds in the Stimulus Ready Fund shall be used for ongoing programmed and funded maintenance or repair programs conducted by the authority.

SECTION 4. Money deposited in the fund must be obligated by the authority within 90 days of this act and within 60 days of future deposits into the fund.

SECTION 5. On July 1, 2022, all unobligated amounts from this fund on January 1, 2023 shall be transferred to the Boston Metropolitan Planning Organization for their use to improve or expand dedicated bus lanes, build dedicated bike lanes, or support complete street infrastructure needs within the authority’s service plan region. 

SECTION 6. The MBTA shall file a written report detailing its progress fulfilling the terms of this Act and all amounts spent from this fund, and submit said report to the House and Senate Committees on Transportation no later than May 1, 2021.