,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dibe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bj1 #bjad ,mr4 
,web/] ( ,florida introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,transportation & ,infra/ructure  ,a    
,,bill  ,to am5d title #bc1 ,unit$      
,/ates ,code1 to e/abli% a              
,transportation ,infra/ructure ,f9ance &
 ,innovation ,act ,revolv+ ,fund1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,,tifia #b4j ,act4  #b4
 ,,tifia fund+  7a7 ,9 g5]al ,section   
#fjh ( title #bc1 ,unit$ ,/ates ,code1  
is am5d$ to read z foll[s3  #fjh4 ,fund+
  7a7 ,,tifia ,revolv+ ,fund  7#a7      
,e/abli%m5t ,!re is e/abli%$ 9 !        
,treasury ( ! ,unit$ ,/ates a revolv+   
fund to be kn[n z ! ,transportation     
,infra/ructure ,f9ance & ,innovation    
,act ,revolv+ ,fund 79 ?is section      
ref]r$ to z ! ,fund74  7#b7 ,deposits   
,!re %all be deposit$ 9 ! ,fund !       
foll[+3  7,a7 ,am\nts made available to 
c>ry out ?is *apt]4  7,b7 ,am\nts       

receiv$ f ! repaym5t ( pr9cipal & int]e/
 on a direct loan made "u ?is *apt]4    
7,c7 ,unobligat$ & uncommitt$ budget    
au?ority "u ?is *apt] 9 a fiscal ye>4   
7,d7 ,proce$s f ! sale ( secur$ loans "u
 section #fjc7;d74  7,e7 ,am\nts receiv$
 f int]e/ on inve/m5ts "u p>agraph 7#f74
  7,f7 ,am\nts receiv$ f ! collection ( 
fees e/abli%$ by ! ,secret>y (          
,transportation 79 ?is section ref]r$ to
 z ! ,secret>y7 pursuant to ?is *apt]4  
7#c7 ,disbursem5ts ,disbursem5ts f !    
,fund may be made by ! ,secret>y = !    
purpose ( c>ry+ out ?is *apt]4  7#d7    
,rural set aside  7,a7 ,9 g5]al ,( !    
am\nts deposit$ 9 ! ,fund 9 a fiscal    
ye>1 n m ?an #aj p]c5t %all be set aside
 = use 9 ! foll[+ fiscal ye> = rural    
infra/ructure projects4  7,b7 ,re9ve/m5t
 ,any am\nts set aside = a fiscal ye> "u
 subp>agraph 7,a7 t rema9 unobligat$ by 
,june #a ( t fiscal ye> %all be inve/$  
pursuant to p>agraph 7#f74  7#e7        
,transf]s ,! ,secret>y %all transf] f ! 
,fund to ! g5]al fund ( ! ,treasury     

am\nts equival5t to moneys deposit$ 9 ! 
,fund z a result ( repaym5t ( pr9cipal &
 int]e/ on a direct loan made "u ?is    
*apt] be=e ! date ( enactm5t ( ! ,,tifia
 #b4j ,act4  7#f7 ,inve/m5ts au?ority ,!
 ,secret>y ( ! ,treasury %all inve/ any 
portion ( ! ,fund t1 z det]m9$ by !     
,secret>y1 is n requir$ to meet curr5t  
exp5ses4 ,ea* su* inve/m5t %all be made 
9 an int]e/-be>+ obligation ( ! ,unit$  
,/ates or an obligation gu>ante$ bo? z  
to pr9cipal & int]e/ by ! ,unit$ ,/ates 
t1 z det]m9$ by ! ,secret>y1 has a      
maturity date suitable = ! purposes ( ! 
,fund4 ,! ,secret>y ( ! ,treasury %all  
cr$it int]e/ e>n$ on ! obligations to ! 
,fund4  7#g7 ,adm9i/rative co/s ,( !    
am\nts 9 ! ,fund1 ! ,secret>y may use n 
m ?an #j4ej p]c5t = ea* fiscal ye> = !  
adm9i/ration ( ?is *apt]1 exclud+ am\nts
 to be transf]r$ "u p>agraph 7#e74  7b7 
,contract+ au?ority  7#a7 ,9 g5]al      
,not)/&+ any o!r provision ( law1       
execution ( a t]m %eet by ! ,secret>y ( 
a ,f$]al cr$it in/rum5t t uses am\nts 9 

! ,fund %all impose on ! ,unit$ ,/ates a
 contractual obligation to fund ! ,f$]al
 cr$it inve/m5t4  7#b7 ,availability    
,am\nts 9 ! ,fund %all be available =   
obligation )\t fiscal ye> limitation &  
)\t fur!r appropriation until exp5d$4  4
  7b7 ,con=m+ am5dm5ts ,*apt] #f ( su*  
title is am5d$--  7#a7 9 section        
#fja7;a7--  7,a7 by /rik+ p>agraph      
7#ah72 &  7,b7 by r$esignat+ p>agraphs  
7#ai7 & 7#bj7 z p>agraphs 7#ah7 & 7#ai71
 respectively2  7#b7 9 section          
#fjb7;b77#a7 by /rik+ ! subsidy co/s    
associat$ )2  7#c7 9 section #fjc--     
7,a7 9 subsection 7a77#c7 by /rik+      
subsidy am\nt2 &  7,b7 9 subsection     
7b7--  7i7 9 p>agraph 7#d77;,b77ii7 by  
/rik+ ! subsidy co/ ( :i*2 &  7ii7 by   
/rik+ p>agraph 7#f77;,b7 & ins]t+ !     
foll[+3  7,b7 ,preexi/+ ind5ture ,!     
,secret>y %all waive ! requirem5t "u    
subp>agraph 7,a7 = a public ag5cy borr[]
 t is f9anc+ ongo+ capital programs &   
has out/&+ s5ior bonds "u a preexi/+    
ind5ture1 if--  7i7 ! secur$ loan is    

rat$ 9 ! ,a category or high]2  7ii7 !  
secur$ loan is secur$ & payable f pl$g$ 
rev5ues n affect$ by project p]=mance1  
su* z a tax-back$ rev5ue pl$ge or a     
sy/em-back$ pl$ge ( project rev5ues2 &  
7iii7 ! ,,tifia program %>e ( eligible  
project co/s is #cc p]c5t or less4  2 & 
7#d7 9 section #fjd--  7,a7 9 subsection
 7a77#c7 by /rik+ subsidy2 &  7,b7 by   
/rik+ subsection 7b77#h77;,b7 & ins]t+ !
 foll[+3  7,b7 ,pre-exi/+ ind5ture  7i7 
,9 g5]al ,! ,secret>y %all waive !      
requirem5t ( subp>agraph 7,a7 = a public
 ag5cy borr[] t is f9anc+ ongo+ capital 
programs & has out/&+ s5ior bonds "u a  
preexi/+ ind5ture1 if--  7,i7 ! l9e (   
cr$it is rat$ 9 ! ,a category or high]2 
7,,ii7 ! ,,tifia program loan result+ f 
a draw on ! l9e ( cr$it is payable f    
pl$g$ rev5ues n affect$ by project      
p]=mance1 su* z a tax-back$ rev5ue pl$ge
 or a sy/em-back$ pl$ge ( project       
rev5ues2 &  7,,iii7 ! ,,tifia program   
%>e ( eligible project co/s is #cc p]c5t
 or less4  4  #c4 ,det]m9ation (        

eligibility & project selection  7a7    
,eligibility ,section #fjb7;a77#i7 (    
title #bc1 ,unit$ ,/ates ,code1 is      
am5d$--  7#a7 by /rik+ & at ! end (     
subp>agraph 7,b72  7#b7 by /rik+ ! p]iod
 at ! end ( subp>agraph 7,c7 & ins]t+ 2 
&2 &  7#c7 by add+ at ! end ! foll[+3   
7,d7 g5]ate rev5ue ?r\gh tolls or us]   
fees1 or promote use ( a facility t     
g5]ates su* rev5ues4  4  7b7 ,selection 
among eligible projects ,section        
#fjb7;b77#a7 ( su* title1 z am5d$ by ?is
 ,act1 is fur!r am5d$--  7#a7 by /rik+  
,! ,secret>y & ins]t+ ! foll[+3  7,a7   
,application process ,subject to        
subp>agraph 7,b71 ! ,secret>y  2 &  7#b7
 by add+ at ! end ! foll[+3  7,b7       
,priority ,9 select+ projects to receive
 fund+ "u subp>agraph 7,a71 ! ,secret>y 
%all give priority consid]ation to      
projects ) sponsors :o h sponsor$ prior 
cr$it agreem5ts "u ?is *apt] t h be5    
repaid 9 full4  4