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access - are eligible for assistance. Each dollar of Federal funds can provide up to $10 in TIFIA
credit assistance - and leverage $30 in transportation infrastructure investment.
Key objectives of the TIFIA program are to:
Facilitate projects with significant
public benefits
Encourage new revenue streams and private participation
Fill capital market gaps for secondary/subordinate capital
Be a flexible, "patient" investor willing to take on investor concerns about investment
horizon, liquidity, predictability and risk
Limit Federal exposure by relying on market discipline
Major requirements include:
Large surface transportation projects ($50M generally, $15M
for intelligent
transportation systems (ITS), $25M for rural infrastructure projects)
TIFIA loan amount has historically been less than 33 percent of eligible costs and
DOT requests that applicants provide a rationale for TIFIA loan requests of up to 49
percent of costs (permitted by statute)
Senior debt must be rated investment grade by two rating agencies, unless project
cost is less than $75M
Dedicated revenues for repayment
Applicable Federal requirements, including but not limited to Civil Rights, NEPA,
Uniform Relocation, Titles 23 and 49
Public or private highway, transit, rail and port projects are eligible to apply for
TIFIA assistance
US Department of Homeland Security (DHS)
The Port Security Grant Program (PSGP) provides approximately $100 million to help
protect critical port infrastructure from terrorism, enhance maritime domain awareness,
improve port-wide maritime security risk management, and maintain or reestablish maritime
security mitigation protocols that support port recovery and resiliency capabilities.
The vast majority of U.S. maritime critical infrastructure is owned and/or operated by State,
local and private sector maritime industry partners. PSGP funds available to these entities are
intended to improve port-wide maritime security risk management; enhance maritime domain
awareness; support maritime security training and exercises; and to maintain or reestablish
maritime security mitigation protocols that support port recovery and resiliency capabilities.
PSGP investments must address U.S. Coast Guard identified vulnerabilities in port security and
support the prevention, detection, response, and/or recovery from attacks involving improvised
explosive devices (IED) and other non-conventional weapons. PSGP grant recipients and sub-
recipients may only use PSGP grant funds for the purpose set forth in the grant, and must be
consistent with the statutory authority for the award. Grant funds may not be used for
matching funds for other Federal grants/cooperative agreements, lobbying, or intervention in
Federal regulatory or adjudicatory proceedings. In addition, Federal funds may not be used to
sue the Federal government or any other government entity.
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U.S. Army Corps of Engineers (USACE)
The USACE has two programs that may be useful to the Port, depending on the type of
project: Section 103 (Small Beach Protection Projects) and Section 107 (Small Navigation
Projects). It is unknown whether either of these programs would apply to projects currently
being considered by the Port.
Section 103 of the 1962 River and Harbor Act (as amended) provides for design and
construction of small projects (less than $2 million federal share) to restore and protect coastal
shores from erosion caused by natural wave and current action. The local sponsor's share is a
minimum of 35% of the entire project.
Section 107 of the 1960 River and Harbor Act (as amended) authorizes construction of small
navigation projects such as channels, breakwaters, and jetties to insure safe and efficient use of
the nation's navigable waterways. Local sponsor's share ranges from 10% to 50% depending on
the depth of the improvement. Federal participation may not exceed $4 million for a project in
any single locality. This type of project is mainly geared toward commercial boat harbors and
benefits from recreational use of the harbor may not exceed 50%.
Economic Development Administration (EDA) Programs
EDA loans fall into two categories: Title I and Title IX. Title I has approximately $16 to $17
million for loans to a nine-state area. Title IX Sudden and Severe Economic Distress (SSDS)
could provide up to $12 million, but only for areas impacted by loss of jobs due to the spotted
owl controversy.
Projects at the $1 million level are generally fundable if they meet a strict set of criteria.
Funds are based on creation of jobs, with an approximate limit of $10,000 per job created. The
Title I is a grant program generally providing around 50% of the project's cost. Title IX is a
grant program generally providing an amount not to exceed 75 % of the project’s cost.
Both programs are similar to CERB in that they place high emphasis on local priorities
(through the EDC) and job creation.
Rural Economic and Community Development (RECD) Programs
The RECD administers programs that may apply to non-recreational public improvements
in the Port District. The Community Facilities Direct Loan & Grant Program provides
affordable funding to develop essential community facilities in rural areas. An essential
community facility is defined as a facility that provides an essential service to the local
community for the orderly development of the community in a primarily rural area, and does
not include private, commercial or business undertakings. Eligible borrowers include public
bodies, community-based non-profit corporations and federally-recognized tribes. Eligible area
include rural areas including cities, villages, townships and towns including Federally
Recognized Tribal Lands with no more than 20,000 residents according to the latest U.S. Census
Data are eligible for this program.
Funds can be used to purchase, construct, and / or improve essential community facilities,
purchase equipment and pay related project expenses. These facilities may include health care