Transportation Equity Act of 2009 - Addresses certain Federal Transit Administration (FTA) adjustments that require a "medium" for the cost-effectiveness rating used to evaluate fixed guideway projects for recommendation for Federal New Starts funding.
Prohibits such adjustments from applying to new fixed guideway capital projects evaluated for: (1) major capital investment grants of $75 million or more; or (2) capital investment grants of less than $75 million, where the total estimated net capital project cost is less than $250 million.