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This section of the Project Finance website provides a compilation of statutory excerpts of innovative finance's tools and programs. They are organized here in the same manner as the Tools & Programs section. Most tools and programs are codified in Title 23 (Highways) of the United States Code.

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
     Advance Construction (AC) and Partial Conversion of Advance Construction (PCAC)
     Federal-aid Matching Strategies

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.
     Grant Anticipation Revenue Vehicles (GARVEEs)
     Private Activity Bonds (PABs)

Federal Credit Assistance Legislation

Legislation for improving project sponsors' access to credit through loans and credit enhancements to better manage and accelerate project delivery.
     Transportation Infrastructure Finance and Innovation Act (TIFIA)
     State Infrastructure Banks (SIBs)
     Section 129 Loans

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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