Projects of Regional and National Significance

Projects of Regional and National Significance
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 2005
		Section 1304
No comparable provision	No comparable provision	Authorizes $6 billion over 5 years [1101(a)(12)] for new program to fund critical high-cost transportation projects with regional and national benefits.	No comparable provision
No comparable provision	No comparable provision	Funds are not transferable. Federal share limited to 80%.	No comparable provision
No comparable provision	No comparable provision	Eligibility - any surface transportation project eligible under Title 23, including freight railroad.	No comparable provision
No comparable provision	No comparable provision	Criteria - projects must cost at least $500 million or 75% of prior fiscal year FAH apportionments in the State where project is located, whichever is lower.	No comparable provision
No comparable provision	No comparable provision	Sec'y shall establish criteria (considering leveraging of non-Federal investment, use of new technology, environmental protection), conduct national solicitation, award grants on a competitive basis.	No comparable provision
No comparable provision	No comparable provision	Applications - must be based on PE, and justified based on benefit to economy, reducing congestion, safety, enhancement of national transportation system, support from non-Federal sources. Regs governing evaluation of applicants must be issued within 120 days of enactment.	No comparable provision
No comparable provision	No comparable provision	Obligation occurs when contract authority is allocated to project thru a full funding grant agreement; agreement may include contingent commitments against future budget authority, but not considered an obligation.	No comparable provision
No comparable provision	No comparable provision	Total obligations and contingent commitments limited to amount authorized to carry out this section, or total of last 2 fiscal years of funding net of amount reserved for grants not covered by letter of intent, whichever is greater.	No comparable provision
No comparable provision	No comparable provision	Annual report in February of each year, to include ratings and recommendations for funding.	No comparable provision

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