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Current as of October 02, 2022 | Updated by FindLaw Staff
(a) A proposed project may not be funded under this program unless the Secretary finds that the project meets the requirements of this part and there is a reasonable likelihood that the project will continue to meet such requirements.
(b) A project financed under this section shall be carried out through a FFGA. The Secretary shall enter into a FFGA based on the evaluations and ratings required herein, and in accordance with the terms specified in section 1301(g)(2) of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, (Pub.L. 109–59; 119 Stat. 1144).
(c) A FFGA will be entered into only after the project has commitments for non–Federal funding in place and all other requirements are met.
(d) A State may request the use of Advanced Construction for the project and subsequently convert those funds to an eligible Federal-aid funding category or to PNRS funding as part of the FFGA.
Cite this article: FindLaw.com - Code of Federal Regulations Title 23. Highways § 23.505.15 Full funding grant agreement - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-23-highways/cfr-sect-23-505-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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