A bill to amend the State and Local Fiscal Assistance Act of 1972 to provide for the payment of additional funds to units of local government in urbanized areas for public mass transportation purposes.

Provides an additional entitlement of payments to local government units for public mass transportation and spell out the new ratio under the State and Local Fiscal Assistance Act.

Authorizes appropriations for such purposes, out of the general funds of the Treasury of $800,000,000 for each of fiscal years 1973-1975, and for the period of July 1, 1976 to December 31,1976, $400,000,000.