Department of Transportation:
Credit Assistance for Surface Transportation Projects
OGC-99-50, Jun 9, 1999
Pursuant to a legislative requirement, GAO reviewed the Department of Transportation's (DOT) new rule on credit assistance for surface transportation projects. GAO noted that: (1) the final rule would implement the Transportation Infrastructure Finance and Innovation Act of 1998 to provide credit assistance to surface transportation projects; (2) the Act authorizes DOT to provide secured loans, lines of credit, and loan guarantees to public and private project sponsors of eligible surface transportation projects; and (3) DOT complied with applicable requirements in promulgating the rule.