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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

General

Private Activity Bonds - Applications

The U.S. Department of Transportation (USDOT) is accepting applications from sponsors interested in receiving authority to use a portion of the $30 billion in Private Activity Bonds (PABs) available. While USDOT has not specified a fixed format for PAB applications, it has identified several...

Private Activity Bonds - Eligibility

The statutory authority for the U.S. Department of Transportation (USDOT) Private Activity Bonds (PABs) Program comes from Section 142(m) of the Internal Revenue Code (IRC) or Title 26 U.S.C. §142(m).1 Section 142(a) provides a general list of the qualified facilities for which PABs can be...

Mount Vernon Library Commons TOD Project

Fact sheet on Library Commons Project in Mount Vernon, Washington. This is DOT's first transit-oriented development (TOD) loan which used the Rural Project Initiative (RPI) TIFIA program for half treasury rate and reduced advisory fees. 

Monterey-Salinas Transit Bus Facility RPI Loan

Fact Sheet on Monterey-Salinas Project - rural community obtained RPI loan to upgrade a bus facility and operations. The rate for the long-term loan was half the Treasury rate, saving the community considerable money.