§609 — Title 23 Highways | U.S. Code

Summary

Every two years, starting June 1, 2012, the Secretary must send Congress a report that sums up how projects that got TIFIA help are doing financially. The report must also recommend one of three options: keep the program under the Secretary, set up a Federal corporation or federally sponsored enterprise to run it, or phase the program out and rely on private capital markets. By December 1, 2012, and each year after, the Secretary must give the House Transportation and Infrastructure Committee and the Senate Environment and Public Works Committee a list of all letters of interest and applications received in the prior fiscal year. Each annual report must show, for each submission, dates for receipt, completeness notice, any revised submission, approval or disapproval (and the reason if disapproved), and include copies of related correspondence. The Secretary must also post monthly status updates of all submissions and quarterly updates of approved applications on the TIFIA website, with for each project the submitter’s name, project name, date received, estimated eligible costs, type of credit help sought, and the expected fiscal year and quarter for closing.

Title 23, §609

Highways — Source: USLM XML via OLRC

(a)On June 1, 2012, and every 2 years thereafter, the Secretary shall submit to Congress a report summarizing the financial performance of the projects that are receiving, or have received, assistance under the TIFIA program, including a recommendation as to whether the objectives of the TIFIA program are best served by—

(1)continuing the program under the authority of the Secretary;

(2)establishing a Federal corporation or federally sponsored enterprise to administer the program; or

(3)phasing out the program and relying on the capital markets to fund the types of infrastructure investments assisted by the TIFIA program without Federal participation.

(b)(1)Not later than December 1, 2012, and annually thereafter, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report that includes a list of all of the letters of interest and applications received from project sponsors for assistance under the TIFIA program during the preceding fiscal year.

(2)(A)Each report under paragraph (1) shall include, at a minimum, a description of, with respect to each letter of interest and application included in the report—

(i)the date on which the letter of interest or application was received;

(ii)the date on which a notification was provided to the project sponsor regarding whether the application was complete or incomplete;

(iii)the date on which a revised and completed application was submitted (if applicable);

(iv)the date on which a notification was provided to the project sponsor regarding whether the project was approved or disapproved; and

(v)if the project was not approved, the reason for the disapproval.

(B)Each report under paragraph (1) shall include copies of any correspondence provided to the project sponsor in accordance with section 602(d).

(c)(1)The Secretary shall publish on the website for the TIFIA program—

(A)on a monthly basis, a current status report on all submitted letters of interest and applications received for assistance under the TIFIA program; and

(B)on a quarterly basis, a current status report on all approved applications for assistance under the TIFIA program.

(2)Each monthly and quarterly status report under paragraph (1) shall include, at a minimum, with respect to each project included in the status report—

(A)the name of the party submitting the letter of interest or application;

(B)the name of the project;

(C)the date on which the letter of interest or application was received;

(D)the estimated project eligible costs;

(E)the type of credit assistance sought; and

(F)the anticipated fiscal year and quarter for closing of the credit assistance.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2021—Subsec. (c). Pub. L. 117–58 added subsec. (c). 2015—Pub. L. 114–94 substituted “the TIFIA program” for “this chapter (other than section 610)” wherever appearing. 2012—Pub. L. 112–141 amended section generally. Prior to amendment, section read as follows: “On

June 1, 2006, and every 2 years thereafter, the Secretary shall submit to Congress a report summarizing the financial performance of the projects that are receiving, or have received, assistance under this chapter (other than section 610), including a recommendation as to whether the objectives of this chapter (other than section 610) are best served— “(1) by continuing the program under the authority of the Secretary; “(2) by establishing a Government corporation or Government-sponsored enterprise to administer the program; or “(3) by phasing out the program and relying on the capital markets to fund the types of infrastructure investments assisted by this chapter (other than section 610) without Federal participation.” 2005—Pub. L. 109–59, § 1602(d), renumbered section 189 of this title as this section. Pub. L. 109–59, § 1601(h), substituted “Reports” for “Report” in section catchline, “On

June 1, 2006, and every 2 years thereafter,” for “Not later than 4 years after the date of enactment of this subchapter,” in introductory provisions, and “chapter (other than section 610)” for “subchapter” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date

of 2021 AmendmentAmendment by Pub. L. 117–58 effective Oct. 1, 2021, see section 10003 of Pub. L. 117–58, set out as a note under section 101 of this title.

Effective Date

of 2015 AmendmentAmendment by Pub. L. 114–94 effective Oct. 1, 2015, see section 1003 of Pub. L. 114–94, set out as a note under section 5313 of Title 5, Government Organization and Employees.

Effective Date

of 2012 AmendmentAmendment by Pub. L. 112–141 effective Oct. 1, 2012, see section 3(a) of Pub. L. 112–141, set out as an Effective and Termination Dates of 2012 Amendment note under section 101 of this title.

§609 Reports to Congress

Summary

Title 23, §609

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Effective Date

Citations & Metadata