How much funding is available for the TIFIA credit program?
The TIFIA program is governed by the Federal Credit Reform Act of 1990 (FCRA), which requires the USDOT to establish a capital reserve, or “subsidy amount,” to cover expected credit losses before it can provide TIFIA credit assistance. Congress places limits on the annual subsidy amount available. Through SAFETEA-LU, Congress authorized $122 million for each Federal fiscal year from 2005 through 2009. Based on experience, this funding amount can support more than $2 billion of average annual credit assistance.
