Stewardship and Oversight

Stewardship and Oversight
Current Law	Administration Proposal H.R. 2088 & S. 1072 as Modified SAFETEA of 2003	House H.R. 3 as Passed House TEA-LU	Senate H.R. 3 as Passed Senate SAFETEA of 2004
26 USC 106
FHWA will recommend that States voluntarily develop, in consultation with AASHTO, Life-Cycle cost analyses based on Executive Order 12893.	Same as current law	Same as current law	Same as current law
23 USC 106(g)	Section 1802	Section 1105	Section 1802
At the Secretary's discretion, a value engineering analysis or other cost reduction analysis may be required to accompany the plans, specifications and estimates for a proposed project on a Federal-aid highway. Value engineering analyses are required for NHS projects costing $25 million or more.	A value engineering or other cost reduction analysis is required for NHS projects costing $25 million or more, or for any project the Secretary deems appropriate.	Same as current law	Value engineering analyses will continue to be required for projects on the Federal-aid system costing $25 million or more, or for bridge projects costing $20 million or more, or any other project the Secretary deems appropriate. Definition of value engineering expanded to include analysis and recommendations to reduce the time to complete a project.
No comparable provision.	The Secretary must establish an oversight program to monitor the use of funds authorized under title 23, with a specific focus on financial integrity and project delivery.	Same as Administration bill [1105]	Same as Administration bill
No comparable provision.	Requires the Secretary to perform annual reviews of State DOT financial management systems and project delivery systems, to include one or more activities involved in the life cycle of a project, using risk assessment procedures to identify review areas.	Requires the Secretary to perform annual reviews of State DOT financial management systems and project delivery systems, to include one or more activities involved in the life cycle of a project. [1105]	Same as Administration bill
No comparable provision.	The Secretary is required to develop minimum standards for estimating project costs and to perform periodic reviews of State practices for estimating project costs and awarding of contracts.	Same as Administration bill [1105]	Same as Administration bill
No comparable provision.	Requires the Secretary to review periodically the States' monitoring of the project delivery systems of the subrecipients of Federal funds.	Same as Administration bill [1105]	Same as Administration bill
States must submit an annual financial plan for any project with an estimated total cost of $1 billion or more.	States must submit a project management plan and an annual financial plan for any project with an estimated total cost of $1 billion or more or any other project in the discretion of the Secretary, and must develop annual financial plans for projects receiving $100 million or more in Federal assistance.	States must submit a project management plan and an annual financial plan for any project with an estimated total cost of $500 million or more or any other project in the discretion of the Secretary, and must develop annual financial plans for projects receiving $100 million or more in Federal assistance. [1105]	Same as Administration bill

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