Which Federal Policy Incentives are most suitable to attaining the proposals objectives?
2. Does the proposal achieve balance among Sponsors, Investors and Policymakers? And 3. What is the Budgetary Treatment of the proposal? Which Federal Policy Incentives are Most Suitable? Aside from conventional grants, the Federal government has available to it three major types of incentives it can use to stimulate capital investment: Regulatory Incentives make existing programs and tools more flexible, in order to expand project resources or accelerate project delivery. (GARVEE Bonds are one such example, in that they broadened allowable uses for grants to include paying debt service on bond issues that fund eligible projects. Other regulatory reforms include design-build contracting, in-kind match and environmental streamlining.) Tax Incentives involve modifying the Internal Revenue Code to attract investors into transportation projects. (Examples include private activity bonds, tax credit bonds, and tax-oriented leasing.) Credit Incentives provide Federal assistance in the form of
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