U.S. Congress - H.R.2663 TIFIA of 2009
H.R.2663 - TIFIA of 2009
To amend title 23, United States Code, to increase certain infrastructure finance provisions, and for other purposes. view all titles (3)
All Bill Titles
- Official: To amend title 23, United States Code, to increase certain infrastructure finance provisions, and for other purposes. as introduced.
- Short: TIFIA of 2009 as introduced.
- Short: Transportation Infrastructure Finance and Innovation Act of 2009 as introduced.
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Official Summary
6/2/2009--Introduced.Transportation Infrastructure Finance and Innovation Act of 2009 or TIFIA of 2009 - Revises terms of secured loans and lines of credit used to finance certain transportation infrastructure projects to increase the maximum loan amount for such projects from the lesser oOfficial Summary
6/2/2009--Introduced.Transportation Infrastructure Finance and Innovation Act of 2009 or TIFIA of 2009 - Revises terms of secured loans and lines of credit used to finance certain transportation infrastructure projects to increase the maximum loan amount for such projects from the lesser of 33% to the lesser of 49% of the eligible project costs or, if the loan does not receive an investment grade rating, the amount of the senior project obligations. Increases the total amount of the line of credit for such projects from 33% to 49% of the reasonably anticipated eligible project costs. Declares that, in the event of the obligor's bankruptcy, insolvency, or liquidation, a direct loan from the Secretary of Transportation for an infrastructure project shall not be subordinated to the claims of any holder of project obligations entered into after (not including such obligations issued to refund prior project obligations), or not contemplated by the parties at the time, the Secretary's agreement to provide the line of credit is entered into.Authorizes appropriations for FY2010-FY2015 for such projects....Read the Rest
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Recent Blog Coverage
Oh, The Places You'll Go: A National Infrastructure Bank Does Not ...
On June 2, 2009, Representative Eddie Bernice Johnson introduced a bill (H.R. 2663) to extend TIFIA, increase yearly appropriations for the program from $122 million to $285 million, and raise the maximum federal funding share from 33 ...
WashingtonWatch.com - H.R. 2663, The TIFIA of 2009
US Congress: HR 2663, The TIFIA of 2009. ... H.R. 2663 would amend title 23, United States Code, to increase certain infrastructure finance provisions. Detailed Summary; Status of the Legislation; Points in Favor; Points Against ...
H.R. 2663: To amend title 23, United States Code, to increase ...
A bill in the US Congress: To amend title 23, United States Code, to increase certain infrastructure finance provisions, and for other purposes.
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