‘‘(2) PROJECT MANAGEMENT PLAN.—A project 
management plan shall document— 
‘‘(A) the procedures and processes that are 
in effect to provide timely information to the 
project decisionmakers to effectively manage the 
scope, costs, schedules, quality of, and the Fed-
eral requirements applicable to, the project; and 
‘‘(B) the role of the agency leadership and 
management team in the delivery of the project. 
‘‘(3) 
FINANCIAL
PLAN.—A 
financial 
plan 
shall— 
‘‘(A) be based on detailed estimates of the 
cost to complete the project; and 
‘‘(B) provide for the annual submission of 
updates to the Secretary that are based on rea-
sonable assumptions, as determined by the Sec-
retary, of future increases in the cost to com-
plete the project. 
‘‘(j) OTHER PROJECTS.—A recipient of Federal fi-
nancial assistance for a project under this title with an 
estimated total cost of $100,000,000 or more that is not 
covered by subsection (i) shall prepare an annual financial 
plan. Annual financial plans prepared under this sub-
section shall be made available to the Secretary for review 
upon the request of the Secretary. 
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‘‘(k) OTHER TERMS AND CONDITIONS.—The Sec-
retary shall determine what additional grant terms and 
conditions are necessary and appropriate to meet the re-
quirements of this section. 
‘‘(l) REGULATIONS.—Within 1 year after the date of 
enactment of the Focusing Resources, Economic Invest-
ment, and Guidance to Help Transportation Act of 2010, 
the Secretary shall prescribe regulations to implement this 
section. 
‘‘(m) APPLICANT DEFINED.—In this subchapter, the 
term ‘applicant’ includes a State, a political subdivision 
of a State, government-sponsored authorities and corpora-
tions, and the District of Columbia. 
‘‘(n) SECRETARIAL OVERSIGHT.— 
‘‘(1) The Secretary may use no more than 1 
percent of amounts made available in a fiscal year 
for capital projects under this subchapter to enter 
into contracts to oversee the construction of such 
projects. 
‘‘(2) The Secretary may use amounts available 
under paragraph (1) of this subsection to make con-
tracts for safety, procurement, management, and fi-
nancial compliance reviews and audits of a recipient 
of amounts under paragraph (1). 
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‘‘(3) The Federal Government shall pay the en-
tire cost of carrying out a contract under this sub-
section.’’. 
(b) CONFORMING AMENDMENT.—The table of con-
tents for chapter 55 of title 49, United States Code, is 
amended by adding at the end the following: 
‘‘SUBCHAPTER III—FINANCIAL ASSISTANCE 
‘‘5581. National freight infrastructure investment grants.’’. 
SEC. 202. PORT INFRASTRUCTURE DEVELOPMENT INITIA-
TIVE. 
Section 50302(c)(3)(C) of title 46, United States 
Code, is amended to read as follows: 
‘‘(C) TRANSFERS.—Amounts appropriated 
or otherwise made available for any fiscal year 
for a marine facility or intermodal facility that 
includes maritime transportation may be trans-
ferred, at the option of the recipient of such 
amounts, to the Fund and administered by the 
Administrator as a component of a project 
under the program.’’. 
Æ 
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