E. Federal Financing Concerns

In recent years, some long-standing restrictions on highway aid have been removed and States have been given greater latitude in their use of it.[290] Those reforms, which help States stretch the value of Federal aid, have provided greater flexibility in sponsoring toll roads and engaging in debt financing.[291] This section will examine issues relating to Federal financing of highway projects; namely, tolling, private activity bonds, Federal credit policies, and limitations on commercialization.

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