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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...
San Luis Obispo Regional Transit Authority bus facility loan fact sheet. The community used the Rural Project Initiative TIFIA loan for a long-term loan at half the Treasury rate.
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.
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.
Grant Program Frequently Asked Questions and Answers.
Transit-Oriented Development (TOD)1 is a class of eligible capital projects within the U.S. Department of Transportation (DOT). The Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) loan programs, administered by the Build America Bureau (Bureau), both have TOD project eligibilities.