[Federal Register Volume 59, Number 206 (Wednesday, October 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26494]


[[Page Unknown]]

[Federal Register: October 26, 1994]


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DEPARTMENT OF TRANSPORTATION
Federal Transit Administration

 

Innovative Financing Initiative: Notice of Funding Availability 
and Request for Information

AGENCY: Federal Transit Administration, DOT.

ACTION: Extension of comment period.

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SUMMARY: On September 12, 1994, the Federal Transit Administration 
(FTA) issued a notice soliciting project proposals and information from 
transit authorities, planning officials, States, the private sector, 
and the public on its Innovative Financing Initiative. The FTA seeks to 
identify issues and obstacles to innovative financing of transit 
capital or operating needs, as well as project proposals that 
demonstrate or test an innovative financing mechanism. FTA is extending 
the comment period to allow interested parties additional time to 
review the Notice and to formulate proposals on this initiative.

DATES: Proposals must be received on or before December 30, 1994.

ADDRESSES: Proposals should be sent in triplicate to Janette Sadik-
Khan, Associate Administrator, Office of Budget and Policy, Federal 
Transit Administration, Room 9310, 400 Seventh Street SW, Washington, 
DC 20590.

FOR FURTHER INFORMATION CONTACT: Paul Marx (202) 366-1675 or Janette 
Sadik-Khan (202) 366-4050.

SUPPLEMENTARY INFORMATION: The Federal Transit Administration issued a 
notice on September 12, 1994 (59 FR 46878) seeking proposals and 
information from transit authorities, planning officials, States, the 
private sector, and the public on the FTA's Innovative Financing 
Initiative. This initiative is based on Executive Order 12893, 
``Principles for Federal Infrastructure Investments,'' signed by 
President Clinton on January 26, 1994, which directs each executive 
department ``to ensure efficient management of infrastructure * * * and 
to ``encourage private sector investment which is a key objective of 
our efforts to promote innovative financing.'' Accordingly, Department 
of Transportation Secretary Federico Pena directed FTA to explore 
innovative ways to finance the transportation needs of our nation, 
taking into account a continuing Federal commitment to transit, as well 
as a growing private sector interest in transportation investment. 
Hence, the FTA is interested in identifying ways for States and 
localities to plan and execute integrated public transit investment 
programs.
    The original comment period would end on October 30, 1994. FTA is 
extending the comment period for an additional 60 days, in order to 
allow interested parties adequate time to formulate their comments and/
or proposals. The comment period will now close on December 30, 1994. 
Late-filed proposals will be considered to the extent practicable.

    Date Issued: October 20, 1994.
Gordon J. Linton,
Administrator.
[FR Doc. 94-26494 Filed 10-25-94; 8:45 am]
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