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The Future of TIFIA and PABs

The Future of TIFIA and PABs. Marcus J. Lemon BAKER & MILLER PLLC 2401 Pennsylvania Ave., N.W. Washington, DC 20037 (202) 663-7850 mlemon@bakerandmiller.com. Improving PABs in Reauthorization. Private sector supports reauthorizing and expanding

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The Future of TIFIA and PABs

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  1. The Future of TIFIA and PABs Marcus J. Lemon BAKER & MILLER PLLC 2401 Pennsylvania Ave., N.W. Washington, DC 20037 (202) 663-7850 mlemon@bakerandmiller.com

  2. Improving PABs in Reauthorization • Private sector supports reauthorizing and expanding • Eliminate limit on PABs or increase to $100B • Make permanent the current exemption from the Alternative Minimum Tax • Eliminate the prohibition on the accretion of interest

  3. Improving TIFIA in Reauthorization • Federal role is that of facilitator and partner in P3s (OIPD example) • Cannot fund infrastructure development without P3s • Gas tax/spend model has failed (Trust Fund depletion) • Private sector supports reauthorization and expansion • Increase budget authority of TIFIA to $500m per year • Allow TIFIA to fund up to 50% of eligible project costs • Eliminate “springing lien” for TIFIA loans • TIGER Guidelines: social policies and P3 transactions working together

  4. Contact Information Marcus J. Lemon BAKER & MILLER PLLC 2401 Pennsylvania Ave., N.W. Washington, DC 20037 (202) 663-7850 mlemon@bakerandmiller.com

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