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Code · STATUTE-COMPILATIONS · Transportation Equity Act for the 21st Century · Sec. 1502

Sec. 1502. FINDINGS

182 words·~1 min read·/statute-compilations/comps-1431/sec-1502

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 1502 FINDINGS Congress finds that— ####
(1)a well-developed system of transportation infrastructure is critical to the economic well-being, health, and welfare of the people of the United States; ####
(2)traditional public funding techniques such as grant programs are unable to keep pace with the infrastructure investment needs of the United States because of budgetary constraints at the Federal, State, and local levels of government; ####
(3)major transportation infrastructure facilities that address critical national needs, such as intermodal facilities, border crossings, and multistate trade corridors, are of a scale that exceeds the capacity of Federal and State assistance programs in effect on the date of enactment of this Act; ####
(4)new investment capital can be attracted to infrastructure projects that are capable of generating their own revenue streams through user charges or other dedicated funding sources; and ####
(5)a Federal credit program for projects of national significance can complement existing funding resources by filling market gaps, thereby leveraging substantial private co-investment. * * * * * * * ## CHAPTER 2 STATE INFRASTRUCTURE BANK PILOT PROGRAM
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