The Department may expend money, when authorized by the Legislature for expenditure from the interest earned by investment of the State Highway Fund, to conduct studies of transportation or to match for capital acquisition only, in the proportion designated in the following acts, the sums of money apportioned by the Federal Government to any of the political subdivisions of the State or any private corporation or association in the State under these acts:
1. The Urban Mass Transportation Act (49 U.S.C. §§ 1601 et seq.), which includes the Urban Mass Transportation Act of 1964 (P.L. 88–365) and amendments made by the Federal-Aid Highway Act of 1973 (P.L. 93–87, August 13, 1973), the Surface Transportation Assistance Act of 1978 (P.L. 95–599, November 6, 1978) and any amendments thereto made after July 1, 1981.
2. The Department of Transportation Act (49 U.S.C. §§ 1651 et seq.), which includes the Department of Transportation Act (P.L. 89–670) and amendments made by the Local Rail Service Assistance Act of 1978 (P.L. 95–607, November 8, 1978) and any amendments thereto made after July 1, 1981.
(Added to NRS by 1981, 1287)