[Code of Federal Regulations]
[Title 49, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR80.7]

[Page 711]
 
                        TITLE 49--TRANSPORTATION
 
          Subtitle A--Office of the Secretary of Transportation
 
PART 80_CREDIT ASSISTANCE FOR SURFACE TRANSPORTATION PROJECTS--Table of Contents
 
Sec.  80.7  Application process.

    (a) Public and private applicants for credit assistance under this 
part will be required to submit applications to the DOT in order to be 
considered for approval by the Secretary.
    (b) At a minimum, such applications shall provide:
    (1) Documentation sufficient to demonstrate that the project 
satisfies each of the threshold criteria in Sec.  80.13 and describe the 
extent to which the project satisfies each of the selection criteria in 
Sec.  80.15;
    (2) Background information on the project for which assistance is 
sought, such as the project's description, status of environmental and 
other major governmental permits and approvals, and construction 
schedule;
    (3) Background information on the applicant (project sponsor);
    (4) Historical information, if applicable, concerning the 
applicant's financial condition, including, for example, independently 
audited financial statements and certifications concerning bankruptcies 
or delinquencies on other debt; and
    (5) Current financial information concerning both the project and 
the applicant, such as sources and uses of funds for the project and a 
forecast of cash flows available to service all debt instruments.
    (c) An application for a project located in or sponsored by more 
than one State or other entity shall be submitted to the DOT by just one 
State or entity. The sponsoring States or entities shall designate a 
single obligor for purposes of applying for, receiving, and repaying 
TIFIA credit assistance.
    (d) Each fiscal year for which Federal assistance is available under 
this part, the DOT shall publish a Federal Register notice to solicit 
applications for credit assistance. Such notice will specify the 
relevant due dates, the estimated amount of funding available to support 
TIFIA credit instruments for the current and future fiscal years, 
contact name(s), and other details for that year's application 
submissions and funding approvals.