AgdaPkt 2009-02-09 reg - Laserfiche WebLink

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9A Page 8 Institutional Loan Guarantee Proaram House: . $1 billion for loans to institutional entities for identifying, designing and Implementing sustainable energy infrastructure projects and grants for energy efficiency Innovative technologies projects on grounds and facilities of institutions. Local governments are included in the definition of institutions. Senate: . No funds for institutional loan guarantee program ENVIRONMENT Diesel Emissions Reduction Act Grants and Loans (new oroaram} House: . $300 million for grants and loans to states and local governments for projects that reduce diesel emissions Senate: . $300 million for grants and loans to states and local governments for projects that reduce diesel emissions Brownflelds House: . $100 million for site assessment and clean-up grants, revolving loan fund and job training Senate: . $100 million for site assessment and clean-up grants, revolving loan fund and job training TRANSPORTATION Alroort Improvement Projects House: . $3 billion for grants. Grantees must enter Into contracts or other binding commitments for no Jess than 50 percent of the funding within 120 days of enactment. Senate: . $1.1 billion for grants Hlahwav Infrastructure House: . $30 billion, $804 million of which will go to roads and roadways on Indian Reservations and national parks. . Funds will be distributed in the following manner: 1. 55 percent ($16.0588) directly to State DOTs 2. 45 percent ($13.138B) mirrors the Surface Transportation Program a. 10 percent ($1.3148) set aside for transportation enhancements b. 90 percent ($11.8248) split: i. 62.5 percent ($7.39B to MPOs) suballocated by population ii. 37.5 percent ($4.4348) to State DOTs . Approximately half of the $30 billion is under a 120-day "use it or lose it" requirement; if a state has not obligated half of Its apportionment within 120 days the difference between the obligated amount and 50 percent will be taken back by FHWA and redistributed to other states. (note: Money subaUocated to a MPO has a "use it or lose it" requirement 30 days shorter than the state requirement. If a MPO has not obligated at least 50 percent of its allocations within 90 days of allocation. it gives the money back to the state so that the state can obligate before the state's 120-day deadline. The same thing happens to the remaining half of the money on July 1.) . Priority will be given to projects that can award contracts within 120 days are included in an approved state and/or local TIP are projected for completion within a 3-year time frame and are located in economically distressed areas. 4