I 
112TH CONGRESS 
1ST SESSION H. R. 1123 
To amend title 23, United States Code, to revise certain infrastructure finance 
provisions. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 16, 2011 
Ms. RICHARDSON introduced the following bill; which was referred to the 
Committee on Transportation and Infrastructure 
A BILL 
To amend title 23, United States Code, to revise certain 
infrastructure finance provisions. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘TIFIA Expansion Act 
of 2011’’. 
SEC. 2. TIFIA FUNDING OF QUALIFIED TRANSIT CAPITAL 
PROJECTS. 
(a) DEFINITION OF MASTER CREDIT AGREEMENT.— 
Section 601(a) of title 23, United States Code, is amend-
ed— 
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(1) in paragraph (8)— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (C); 
(B) by striking the period at the end of 
subparagraph (D) and inserting ‘‘and;’’; and 
(C) by adding at the end the following: 
‘‘(E) a project or program of related 
projects that— 
‘‘(i) is for the design, acquisition, con-
struction, or rehabilitation of one or more 
transportation projects that reduces emis-
sions of greenhouse gases or has a positive 
impact on congestion; and 
‘‘(ii) receives not more than 30 per-
cent of its funding for capital costs from 
Federal grant funds made available under 
this title or chapter 53 of title 49, United 
States Code.’’; and 
(2) by adding at the end the following: 
‘‘(15) MASTER CREDIT AGREEMENT.—The term 
‘master credit agreement’ means an agreement en-
tered into by and between the Secretary and an obli-
gor for a project defined in paragraph (9)(E) that— 
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‘‘(A) makes contingent commitments of 
one or more secured loans or other Federal 
credit instruments at future dates; 
‘‘(B) establishes the amounts and general 
terms and conditions of such secured loans or 
other Federal credit instruments; 
‘‘(C) identifies the dedicated revenue 
sources that will secure the repayment of such 
secured loans or other Federal credit instru-
ments; and 
‘‘(D) provides for the obligation of funds 
for such secured loans or other Federal credit 
instruments after all requirements under sec-
tion 602(c) have been met for the project, in-
cluding compliance with the requirements of the 
National Environmental Policy Act of 1969 (42 
U.S.C. 432i et seq.).’’. 
(b) 
ELIGIBILITY
AND
ELIGIBLE
PROJECTED 
COSTS.—Section 602(a) of title 23, United States Code, 
is amended— 
(1) in paragraph (1) by adding before the pe-
riod at the end the following: 
‘‘(1) , including, in the case of a master credit 
agreement, at such time as the disbursement of loan 
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proceeds or the provision of other credit assistance 
pursuant to the master credit agreement’’; and 
(2) in paragraph 3— 
(A) by striking ‘‘subparagraph (B)’’ in 
subparagraph (A) and inserting ‘‘subpara-
graphs (B) and (C)’’; and 
(B) by adding at the end the following: 
‘‘(C) MEGA
TRANSPORTATION
PROJECTS.—In 
the case of a project defined in section 601(a)(8)(E), 
eligible project costs shall be reasonably anticipated 
to equal or exceed $1,000,000,000.’’. 
(c) SECURED LOANS.—Section 603(b)— 
(1) in paragraph (2) of title 23, United States 
Code, is amended by striking ‘‘33 percent’’ and in-
serting ‘‘49 percent’’; 
(2) in paragraph (4)— 
(A) by striking ‘‘The interest rate’’ and in-
serting the following: 
‘‘(A) IN
GENERAL.—The interest rate’’; 
and 
(B) by adding at the end the following new 
subparagraph: 
‘‘(B) REDUCTION IN INTEREST RATE.— 
‘‘(i) IN
GENERAL.—If the Secretary 
determines that the interest rate described 
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under subparagraph (A) has increased by 
more than 1 percent between the time the 
Secretary signs the master credit agree-
ment and the time at which the secured 
loan is made with respect to a project that 
is the subject of such master credit agree-
ment, the Secretary may allow the interest 
rate on the secured loan to be up to— 
‘‘(I) 1 percent lower than sub-
paragraph (A) allows; or 
‘‘(II) for a secured loan being 
made with respect to a project that is 
certified by the Secretary, in consulta-
tion with the Administrator of the En-
vironmental Protection Agency, as 
only using clean construction equip-
ment, 1.5 percent lower than subpara-
graph (A) allows. 
‘‘(ii) CLEAN
CONSTRUCTION
EQUIP-
MENT
DEFINED.—For purposes of this 
subparagraph, the term ‘clean construction 
equipment’ means nonroad construction ve-
hicles or equipment powered by diesel en-
gines that— 
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