Use of federal TIFIA funds.

Funds granted through the federal Transportation Infrastructure Financing and Innovation Act, or TIFIA funds, are another source of funding for public agencies to utilize. The TIFIA program provides subordinated credit assistance for projects that are national or regional in origin, thus making them valuable for very large, complicated projects that require funding outside of the normal PPP financing process.4 Needless to say, just as states should provide for the ability of public agencies to pursue federal, state, and local funding sources, so too should they promote the use of this unique federal program. Ten states provide public agencies with the expressed ability to pursue TIFIA funds, many of them incorporating language authorizing TIFIA into the statutes allowing for federal and state funds for PPP projects.

Table 4-3: Funding Requirements and Restrictions

Code

Provisions

AL

AK

AZ

CA

CO

DE

FL

GA

IN

LA

MD

MN

MO

MS

NV

NC

OR

SC

TN

TX

UT

VA

WA

3-a

Allows State and Federal Funds

 

Y

 

 

Y

Y

Y

Y

Y

Y

 

 

 

Y

Y

Y

Y

 

Y

Y

Y

Y

Y

3-b

Allows TIFIA Funds

 

Y

 

 

 

Y

 

Y

Y

Y

 

 

 

 

 

Y

Y

 

 

Y

 

Y

Y

3-c

Restricts Toll Revenues from General Fund

 

N

Y

Y

Y

Y

Y

 

Y

N

N

N

N

Y

 

Y

Y

 

 

Y

Y

N

Y

3-c

Allows Public Sector to Issue Revenue Bonds

 

Y

 

 

Y

 

Y

N

Y

Y

 

Y

Y

Y

 

Y

Y

Y

Y

Y

Y

 

Y

3-e

Allows Public Sector to Form Nonprofits and Issue Debt

 

 

 

 

Y

 

Y

 

 

Y

 

 

N

 

 

 

Y

Y

 

N

 

Y

N

***A cell left blank indicates state legislation does not make an explicit provision regarding that category.




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4  http://www.innovativefinance.org/topics/finance mechanisms/federal loans/tifia.asp (last accessed on June 19, 2009.)