; and (2) extend any applicable disbursement period established under an agreement for credit assistance made pursuant to section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976 ( 45 U.S.C. 822 ) or section 603 of title 23, United States Code, as applicable. (d) Criteria (1) In general To be eligible to receive a lower interest rate or other loan modification under this section, an eligible borrower shall achieve compliance with such criteria as the Secretary may establish, in accordance with paragraph (2). (2) Factors for consideration In establishing criteria for purposes of paragraph (1), the Secretary may take into consideration such factors as the Secretary determines to be relevant, including achieving the objectives of— (A) maintaining the operation of a project carried out by an eligible borrower in a disaster, emergency, or other extenuating circumstance; (B) mitigating the financial impact on an eligible borrower of a disaster, emergency, or other extenuating circumstance; and (C) protecting the interests of the Federal Government in critical infrastructure. (e) Effective period (1) In general The authority of the Secretary to reset interest rates pursuant to this section shall terminate on September 30, 2021. (2) Effect of subsection Nothing in this subsection affects any eligible loan that is modified pursuant to this section on or before September 30, 2021. III Public Transportation 3001. Short title This title may be cited as the Federal Public Transportation Act of 2020 . 3002. Urbanized area formula grants Section 5307(f)(2) of title 49, United States Code, is amended— (1) by striking At least once every 3 years and inserting the following: (A) In general At least once every 3 years, except as provided for under subparagraph (B)