Source: https://www.law.cornell.edu/uscode/text/23/602
Timestamp: 2017-01-25 02:00:51
Document Index: 390580869

Matched Legal Cases: ['§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001', '§\u202f2001']

(1)In general.—A project shall be eligible to receive credit assistance under the TIFIA program if—
(A)In general.—To be eligible for assistance under the TIFIA program, a project shall satisfy applicable creditworthiness standards, which, at a minimum, shall include—
(A)In general.—Except as provided in subparagraph (B), a project under the TIFIA program shall have eligible project costs that are reasonably anticipated to equal or exceed the lesser of—
(i)Intelligent transportation systems.—
(ii)Transit-oriented development projects.—
(iii)Rural projects.—
(iv)Local infrastructure projects.—Eligible project costs shall be reasonably anticipated to equal or exceed $10,000,000 in the case of a project or program of projects—
(9)Beneficial effects.—The Secretary shall determine that financial assistance for the project under the TIFIA program will—
(B)Rural projects fund.—
(A)Program of related projects.—
(B)Adequate funding not available.—
(1)In general.—In addition to the requirements of this title for highway projects, the requirements of chapter 53 of title 49 for transit projects, and the requirements of section 5333(a) of title 49 for rail projects, the following provisions of law shall apply to funds made available under the TIFIA program and projects assisted with those funds:
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.
Subsec. (a)(5)(A)(i). Pub. L. 114–94, § 2001(b)(1)(D)(ii)(II), added cl. (i) and struck out former cl. (i) which read as follows:
“(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).
Subsec. (b)(2). Pub. L. 114–94, § 2001(b)(2), added par. (2) and struck out former par. (2). Prior to amendment, text read as follows: “If the Secretary fully obligates funding to eligible projects in 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 until the earlier of—
“(A) the following fiscal year; and
“(B) the fiscal year during which additional funds are available to receive credit assistance.”
Subsecs. (c)(1), (e). Pub. L. 114–94, § 2001(b)(3), (4), substituted “the TIFIA program” for “this chapter”.