A Bill To Authorize Funds For Federal-Aid Highways, Highway Safety Programs, And Transit Programs, And For Other Purposes - 114th Congress 1st Session Page 68

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F:\M14\SHUSTE\SHUSTE_044.XML
68
1
‘‘(f) P
R
.—The Secretary may
ROJECT
EQUIREMENTS
2
make a grant for a project described under subsection (d)
3
only if the relevant applicant demonstrates that—
4
‘‘(1) the project will generate national or re-
5
gional economic, mobility, or safety benefits;
6
‘‘(2) the project will be cost effective;
7
‘‘(3) the project will contribute to the accom-
8
plishment of 1 or more of the national goals de-
9
scribed under section 150 of this title;
10
‘‘(4) the project is based on the results of pre-
11
liminary engineering;
12
‘‘(5) with respect to related non-Federal finan-
13
cial commitments—
14
‘‘(A) 1 or more stable and dependable
15
sources of funding and financing are available
16
to construct, maintain, and operate the project;
17
and
18
‘‘(B) contingency amounts are available to
19
cover unanticipated cost increases;
20
‘‘(6) the project cannot be easily addressed
21
using other funding available to the project sponsor
22
under this chapter; and
23
‘‘(7) the project is reasonably expected to begin
24
construction not later than 18 months after the date
25
of obligation of funds for the project.
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