,,ii  #aag? ,,congress  #a/ ,session    
,s4 #beeg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bi1 #bjba,mr4   
,portman 7= himself & ,mr4 ,man*97      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,environm5t & ,public ,works  ,a ,,bill 
,to require c]ta9 transportation        
projects to include a value-=-money     
analysis1 & = o!r purposes4  #a4 ,value 
= money analysis  7a7 ,9 g5]al ,not)/&+ 
any o!r provision ( law1 9 ! case ( a   
project describ$ 9 subsection 7b71 !    
entity c>ry+ out ! project %all1 dur+ ! 
plann+ & project developm5t process1    
conduct a value = money analysis ( !    
project1 :i* %all include an evaluation 
(-- 7#a7 ! life-cycle co/ & project     
deliv]y s*$ule2  7#b7 ! co/s ( us+      
public fund+ v]sus private f9anc+ = !   
project2  7#c7 a description ( ! key    
assumptions made 9 develop+ ! analysis1 
includ+-- 7,a7 an analysis ( any ,f$]al 
grants & subsidies receiv$ or expect$   
7includ+ tax depreciation co/s72  7,b7 !

 key t]ms ( ! propos$ public-private    
p>tn]%ip agreem5t1 if applicable        
7includ+ ! expect$ rate ( return =      
private debt & equity72  7,c7 a         
discussion ( ! b5efits & co/s associat$ 
) ! allocation ( risk2  7,d7 !          
det]m9ation ( risk premiums assign$ to  
v>i\s project deliv]y sc5>ios2  7,e7 any
 us] fee rev5ue g5]at$ by ! project2 &  
7,f7 any ext]nality b5efits = ! public  
g5]at$ by ! project2 &  7#d7 any o!r    
in=mation ! ,secret>y ( ,transportation 
det]m9es to be appropriate4  7b7        
,project describ$ ,a project ref]r$ to 9
 subsection 7a7 is a transportation     
project-- 7#a7 ) an e/imat$ total co/ ( 
m ?an #gej1jjj1jjj2  7#b7 c>ri$ out--   
7,a7 by a ,/ate1 t]ritory1 ,indian      
,tribe1 unit ( local gov]nm5t1 transit  
ag5cy1 port au?ority1 metropolitan      
plann+ organization1 airport au?ority1  
or o!r political subdivision ( a ,/ate  
or local gov]nm5t2 &  7,b7 9 a ,/ate 9  
:i* !re is 9 effect a ,/ate law au?oriz+
 ! use & implem5tation ( public-private 

p>tn]%ips = transportation projects2 &  
7#c7 t is c>ri$ out )-- 7,a7 assi/ance  
"u ! ,,tifia program "u *apt] #f ( title
 #bc1 ,unit$ ,/ates ,code2 or  7,b7     
assi/ance "u ! ,railroad ,rehabilitation
 & ,improvem5t ,f9anc+ ,program ( !     
,f$]al ,railroad ,adm9i/ration e/abli%$ 
"u title ,v ( ! ,railroad               
,revitalization & ,regulatory ,re=m ,act
 ( #aigf 7#de ,u4,s4,c4 #hba et seq474  
7c7 ,report+ requirem5ts  7#a7 ,project 
reports ,= ea* project describ$ 9       
subsection 7b71 ! entity c>ry+ out !    
project %all-- 7,a7 include ! results ( 
! analysis "u subsection 7a7 on !       
website ( ! project2 &  7,b7 submit !   
results ( ! analysis to ! ,build ,am]ica
 ,bureau & ! ,secret>y (                
,transportation4  7#b7 ,report to       
,congress ,! ,secret>y (                
,transportation1 9 coord9ation ) !      
,build ,am]ica ,bureau1 %all-- 7,a7     
compile ! analyses submitt$ "u p>agraph 
7#a77;,b72 &  7,b7 submit to ,congress a
 report t-- 7i7 includes ! analyses     

submitt$ "u p>agraph 7#a77;,b72  7ii7   
describes-- 7,i7 ! use ( private f9anc+ 
= projects describ$ 9 subsection 7b72 & 
7,,ii7 ! b5efits ( conduct+ a value =   
money analysis2 &  7iii7 id5tifies be/  
practices = private f9anc+ ( projects   
describ$ 9 subsection 7b74  7d7         
,guidance ,! ,secret>y (                
,transportation1 9 coord9ation ) !      
,build ,am]ica ,bureau1 %all issue      
guidance on p]=mance b5*m>ks1 risk      
premiums1 & expect$ rates ( return on   
private f9anc+ = projects describ$ 9    
subsection 7b74