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What is a TIFIA term sheet?

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What is a TIFIA term sheet?

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The term sheet (PDF) is a contractual agreement between the USDOT and the borrower that sets forth certain business terms and conditions of TIFIA credit assistance for the project. The USDOT’s issuance of this document triggers the USDOT’s obligation (i.e., legal commitment) of budget authority, but no disbursements are made.

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