LEGISLATING INFRASTRUCTURE

The National Infrastructure Act of 1994, introduced by Representative Rosa DeLauro and Representative Richard Gephardt, provides for the creation of a National Infrastructure Development Corporation (NIC) that would make loans and provide financial guarantees for infrastructure facilities. The DeLauro bill outlines a federal initiative for infrastructure finance that represents a departure from traditional grant-funded programs. This article describes the specifics of the DeLauro bill, which addresses finance issues through a combination of credit assistance and tax incentive features. Additional requirements covered by the legislation ensure NIC's financial stability, accountability, and effectiveness. A new "public benefit bond" is proposed as a tax incentive.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/10630260
• Corporate Authors:

  Institutional Investor, Incorporated

  488 Madison Avenue
  New York, NY  United States  10022
• Authors:
  • Spring, R E
  • Seltzer, D W
• Publication Date: 1995-1

Language

• English

Media Info

• Pagination: p. 61-62
• Serial:
  • Infrastructure Finance
  • Volume: 3
  • Issue Number: 6
  • Publisher: Institutional Investor, Incorporated
  • ISSN: 1063-0260

Subject/Index Terms

• TRT Terms: Credit; Finance; Financing; Government funding; Incentives; Infrastructure; Legislation; Mechanical stability; Policy; Programming (Planning); Taxes
• Geographic Terms: United States
• Old TRIS Terms: Financial programming
• Subject Areas: Aviation; Economics; Finance; Highways; Law; Policy; Railroads;

Filing Info

• Accession Number: 00672344
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 19 1995 12:00AM