Action
Notice of request for participation.
Summary
This notice invites States to submit applications for participation in the State Infrastructure Bank (SIB) Pilot Program originally established by the National Highway System Designation Act of 1995 (the NHS Act). Pursuant to Section 350 of the NHS Act, USDOT is authorized to enter into agreements with States to establish State Infrastructure Banks or multistate infrastructure banks. Under the Department of Transportation and Related Agencies Appropriations Act of 1997 (Appropriations Act), USDOT is currently authorized to enter into Cooperative Agreements with more than ten States qualified to establish State Infrastructure Banks or multistate infrastructure banks. Another purpose of this notice is to outline the procedures that will be established for designation of additional States to be included in the Pilot Program. Further, $150 million will be available for distribution among the ten States previously designated by the Secretary and any additional States designated as a result of this notice. Distribution of these funds will not take place prior to 180 days after the enactment of the Appropriations Act on September 30, 1996.