Source: https://www.law.cornell.edu/uscode/text/23/602
Timestamp: 2019-04-25 02:35:32+00:00

Document:
the project meets the criteria described in this subsection.
a rating from at least 2 rating agencies on the Federal credit instrument, subject to the condition that, with respect to clause (iii), if the total amount of the senior debt and the Federal credit instrument is less than $75,000,000, 1 rating agency opinion for each of the senior debt and Federal credit instrument shall be sufficient.
Notwithstanding subparagraph (A), in a case in which the Federal credit instrument is the senior debt, the Federal credit instrument shall be required to receive an investment grade rating from at least 2 rating agencies, unless the credit instrument is for an amount less than $75,000,000, in which case 1 rating agency opinion shall be sufficient.
A project shall satisfy the applicable planning and programming requirements of sections 134 and 135 at such time as an agreement to make available a Federal credit instrument is entered into under the TIFIA program.
A State, local government, public authority, public-private partnership, or any other legal entity undertaking the project and authorized by the Secretary shall submit a project application that is acceptable to the Secretary.
33⅓ percent of the amount of Federal highway funds apportioned for the most recently completed fiscal year to the State in which the project is located.
In the case of a project principally involving the installation of an intelligent transportation system, eligible project costs shall be reasonably anticipated to equal or exceed $15,000,000.
In the case of a project described in section 601(a)(12)(E), eligible project costs shall be reasonably anticipated to equal or exceed $10,000,000.
In the case of a rural infrastructure project or a project capitalizing a rural projects fund, eligible project costs shall be reasonably anticipated to equal or exceed $10,000,000, but not to exceed $100,000,000.
for which the Secretary determines that a local government is substantially involved in the development of the project.
other dedicated revenue sources that also secure or fund the project obligations.
In the case of a project that is undertaken by an entity that is not a State or local government or an agency or instrumentality of a State or local government, the project that the entity is undertaking shall be publicly sponsored as provided in paragraph (3).
identified later through completion of a procurement and selection of the private party.
reduce the contribution of Federal grant assistance for the project.
Except as provided in subparagraph (B), to be eligible for assistance under the TIFIA program, the applicant shall demonstrate a reasonable expectation that the contracting process for construction of the project can commence by no later than 90 days after the date on which a Federal credit instrument is obligated for the project under the TIFIA program.
In the case of a project capitalizing a rural projects fund, the State infrastructure bank shall demonstrate, not later than 2 years after the date on which a secured loan is obligated for the project under the TIFIA program, that the bank has executed a loan agreement with a borrower for a rural infrastructure project in accordance with section 610. After the demonstration is made, the bank may draw upon the secured loan. At the end of the 2-year period, to the extent the bank has not used the loan commitment, the Secretary may extend the term of the loan or withdraw the loan commitment.
The Secretary shall establish a rolling application process under which projects that are eligible to receive credit assistance under subsection (a) shall receive credit assistance on terms acceptable to the Secretary, if adequate funds are available to cover the subsidy costs associated with the Federal credit instrument.
The Secretary may enter into a master credit agreement for a program of related projects secured by a common security pledge on terms acceptable to the Secretary.
If the Secretary fully obligates funding to eligible projects for a fiscal year and adequate funding is not available to fund a credit instrument, a project sponsor of an eligible project may elect to enter into a master credit agreement and wait to execute a credit instrument until the fiscal year for which additional funds are available to receive credit assistance.
including a preliminary rating opinion on the Federal credit instrument.
Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d et seq.).
The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C. 4601 et seq.).
No funding shall be obligated for a project that has not received an environmental categorical exclusion, a finding of no significant impact, or a record of decision under the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.).
additional information or materials are needed to complete the application.
Not later than 60 days after the date of issuance of the written notice under paragraph (1), the Secretary shall provide to the applicant a written notice informing the applicant whether the Secretary has approved or disapproved the application.
Any credit instrument secured under the TIFIA program may be used to finance up to 100 percent of the cost of development phase activities as described in section 601(a)(1)(A).
The Civil Rights Act of 1964, referred to in subsec. (c)(1)(A), is Pub. L. 88–352, July 2, 1964, 78 Stat. 241. Title VI of the Act is classified generally to subchapter V (§ 2000d et seq.) of chapter 21 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 2000a of Title 42 and Tables.
The National Environmental Policy Act of 1969, referred to in subsec. (c)(1)(B), (2), is Pub. L. 91–190, Jan. 1, 1970, 83 Stat. 852, which is classified generally to chapter 55 (§ 4321 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 4321 of Title 42 and Tables.
The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, referred to in subsec. (c)(1)(C), is act Jan. 2, 1971, Pub. L. 91–646, 84 Stat. 1894, and which is classified principally to chapter 61 (§ 4601 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 4601 of Title 42 and Tables.
2015—Subsec. (a)(1), (2)(A), (3). Pub. L. 114–94, § 2001(b)(1)(A)–(C), substituted “the TIFIA program” for “this chapter”.
Subsec. (a)(5). Pub. L. 114–94, § 2001(b)(1)(D)(i), substituted “Eligible project cost parameters” for “Eligible project costs” in heading.
Subsec. (a)(5)(A). Pub. L. 114–94, § 2001(b)(1)(D)(ii)(I), substituted “subparagraph (B), a project under the TIFIA program” for “subparagraph (B), to be eligible for assistance under this chapter, a project” in introductory provisions.
“(II) in the case of a rural infrastructure project, $25,000,000; and”.
Subsec. (a)(5)(A)(ii). Pub. L. 114–94, § 2001(b)(1)(D)(ii)(III), struck out “assistance” after “highway”.
Subsec. (a)(5)(B). Pub. L. 114–94, § 2001(b)(1)(D)(iii), substituted “Exceptions” for “Intelligent transportation system projects” in heading, designated existing provisions as cl. (i), inserted cl. (i) heading, and added cls. (ii) to (iv).
Subsec. (a)(9). Pub. L. 114–94, § 2001(b)(1)(E), substituted “the TIFIA program” for “this chapter” in introductory provisions.
Subsec. (a)(10). Pub. L. 114–94, § 2001(b)(1)(F), designated existing provisions as subpar. (A), inserted subpar. (A) heading, substituted “Except as provided in subparagraph (B), to be eligible” for “To be eligible”, “the TIFIA program” for “this chapter” in two places, and “no later than” for “not later than”, and added subpar. (B).
Subsecs. (c)(1), (e). Pub. L. 114–94, § 2001(b)(3), (4), substituted “the TIFIA program” for “this chapter”.
2012—Pub. L. 112–141 amended section generally. Prior to amendment, section related to determination of eligibility and project selection, consisting of subsecs. (a) to (c).
2005—Pub. L. 109–59, § 1602(d), renumbered section 182 of this title as this section.
Subsec. (a). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter” in introductory provisions.
Subsec. (a)(1). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter”.
Subsec. (a)(3)(A). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter” in introductory provisions.
Subsec. (a)(3)(A)(i). Pub. L. 109–59, § 1601(b)(2), substituted “$50,000,000” for “$100,000,000”.
Subsec. (a)(3)(A)(ii). Pub. L. 109–59, § 1601(b)(3), substituted “33⅓” for “50”.
Subsec. (a)(3)(B). Pub. L. 109–59, § 1601(b)(4), substituted “$15,000,000” for “$30,000,000”.
Subsec. (a)(4). Pub. L. 109–59, § 1601(b)(5), substituted “The Federal credit instrument” for “Project financing” and inserted “that also secure the project obligations” before period at end.
Subsec. (b)(1). Pub. L. 109–59, § 1601(c)(1), substituted “eligibility requirements” for “eligibility criteria”.
Subsec. (b)(2)(A)(iii), (iv), (vi). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter”.
Subsec. (b)(2)(A)(viii). Pub. L. 109–59, § 1602(b)(2), inserted “and chapter 1” after “this chapter”.
Subsec. (b)(2)(B). Pub. L. 109–59, § 1601(c)(2), inserted “, which may be the Federal credit instrument,” after “obligations”.
Subsec. (c). Pub. L. 109–59, § 1602(b)(5), substituted “this chapter” for “this subchapter” in introductory provisions.

References: § 2001
 § 2001
 § 2001
 § 2001
 § 2001
 § 2001
 § 2001
 § 2001
 § 1602
 § 1602
 § 1602
 § 1602
 § 1601
 § 1601
 § 1601
 § 1601
 § 1601
 § 1602
 § 1602
 § 1601
 § 1602