Legislation

Innovative finance tools and programs have been designed to enhance the effectiveness of grant management techniques and bridge investment gaps between available resources and infrastructure needs. They comprise three primary mechanisms:

New York Tappanzee

Federal-aid Fund Management Legislation

Legislation for increasing states' flexibility in providing the required match for Federal-aid programs and advances the timing of Federal-aid fund reimbursement

Transbay

Federal Debt Financing Legislation

Legislation for allowing state and local entities to borrow against future expected revenue and Federal aid to better manage and accelerate project delivery.

Texas DART

Federal Credit Assistance Legislation

Allow state and local entities to borrow against future expected revenue and Federal aid to better manage and accelerate project delivery.