Sec. 1441. REGIONAL INFRASTRUCTURE ACCELERATOR DEMONSTRATION PROGRAM
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## SEC. 1441 REGIONAL INFRASTRUCTURE ACCELERATOR DEMONSTRATION PROGRAM **[**[23 U.S.C. 601 note](/us/usc/t23/s601)**]** ###
(a)In general The Secretary shall establish a regional infrastructure demonstration program (referred to in this section as the “program”) to assist entities in developing improved infrastructure priorities and financing strategies for the accelerated development of a project that is eligible for funding under the TIFIA program under chapter 6 of title 23, United States Code. ###
(b)Designation of Regional Infrastructure Accelerators In carrying out the program, the Secretary may designate regional infrastructure accelerators that will— ####
(1)serve a defined geographic area; and ####
(2)act as a resource in the geographic area to qualified entities in accordance with this section. ###
(c)Application To be eligible for a designation under subsection (b), a proposed regional infrastructure accelerator shall submit to the Secretary a proposal at such time, in such manner, and containing such information as the Secretary may require. ###
(d)Criteria In evaluating a proposal submitted under subsection (c), the Secretary shall consider— ####
(1)the need for geographic diversity among regional infrastructure accelerators; and ####
(2)the ability of the proposal to promote investment in covered infrastructure projects, which shall include a plan— #####
(A)to evaluate and promote innovative financing methods for local projects, including the use of the TIFIA program under chapter 6 of title 23, United States Code; #####
(B)to build capacity of State, local, and tribal governments to evaluate and structure projects involving the investment of private capital; #####
(C)to provide technical assistance and information on best practices with respect to financing the projects; #####
(D)to increase transparency with respect to infrastructure project analysis and using innovative financing for public infrastructure projects; #####
(E)to deploy predevelopment capital programs designed to facilitate the creation of a pipeline of infrastructure projects available for investment; #####
(F)to bundle smaller-scale and rural projects into larger proposals that may be more attractive for investment; and #####
(G)to reduce transaction costs for public project sponsors. ###
(e)Annual report Not less frequently than once each year, the Secretary shall submit to Congress a report that describes the findings and effectiveness of the program. ###
(f)Authorization of Appropriations There is authorized to be appropriated to carry out the program $12,000,000, of which the Secretary shall use— ####
(1)$11,750,000 for initial grants to regional infrastructure accelerators under subsection (b); and ####
(2)$250,000 for administrative costs of carrying out the program.
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Sec. 1441
REGIONAL INFRASTRUCTURE ACCELERATOR DEMONSTRATION PROGRAM
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