Allows privately or majority-privately owned ferries and ferry terminals to be eligible for federal funding.
The Interstate Ferry Fairness Act amends title 23, United States Code, to make privately or majority-privately owned ferries and ferry terminal facilities eligible for federal funding. This includes allowing federal participation in the construction or purchase of such facilities. The bill also permits privately owned ferries to charge fares that cover operational costs and a reasonable rate of return. The changes apply one year after the bill's enactment.
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