Go to: Go to.... Home Federal Credit Concepts & Issues State Infrastucture Banks Quarterly Newsletter TE-045 Research Innovative Finance Program Guidance

COVER NOTICE FORWARD

EXECUTIVE SUMMARY Eight Major Financing Tools The Universe of TE-045 Projects Investment Effects of TE-045 Project Acceleration Legislative and Regulatory Implications of TE-045 Opportunities for Continued Research and Legislative Action

CHAPTER 1 - TE-045: Origins and Objectives A Departure from the Status Quo Creation of the TE-045 Initiative Objectives of TE-045 Recap of Financing Concepts Conventional versus Innovative Interpretations of the Federal-Aid Program Benefits Associated with Innovative Finance Tools

CHAPTER 2 -The States Respond: Nature and Extent of Proposals under TE-045 A Snapshot in Time: The Current Status of Approved Projects An Initial Emphasis on Cash Flow Tools and Flexible Match Strategies Remaining Untested

CHAPTER 3 - Effects on Investment Levels Federal and Non-Federal Investment Levels TE-045's Incremental Effect on Investment Levels Operations of Investment Tools Impacts of Increased Investment on Job Creation

CHAPTER 4 - Effects on Project Acceleration Acceleration Benefits Generated Through TE-045 Simultaneous Project Development Through Concurrent Outlays Project Acceleration through Investment Tools Economic Benefits of Project Acceleration Avoidance of Inflation Costs

CHAPTER 5 - Legislative and Regulatory Implications of TE-045 Effects of TE-045 on the Utility of ISTEA and Other Financing Options Influence on the NHS Designation Act and Recent Regulatory Changes

CHAPTER 6 - Opportunities for Continued Research and Legislative Action Strategies for Expanding Utilization of Loans and Bond Reimbursement State Infrastructure Banks Program-Level Enforcement of Non-Federal Matching Requirements Non-Traditional Income Streams Strategic Access to Unobligated Balances and Direct Federal Credit Enhancement Links Between Innovative Financing and Contracting Strategies

LEGEND FOR APPENDICES Appendix 1: All TE-045 Projects - Updated as of June 1996 Appendix 2: Inactive TE-045 Projects Appendix 3: TE-045 Projects - Funding Profile - June 1996 Appendix 4: TE-045 Projects - Project Accelerations - June 1996

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an evaluation of the te-045 innovative finnance research initiative prepared for the u.s. federal highway administration