TEA-21 provided for a revised pilot program in four states: California, Florida, Missouri, and Rhode Island. These four states may enter into new or revised cooperative agreements that specify procedures and guidelines for establishing, operating, and providing assistance from the infrastructure bank. The revised pilot program does not set a limit on the amount of Federal funds that can be used to capitalize the infrastructure bank. Funds from Sections 5307, 5310, and 5311 (as well as Federal highway funds) can be used to capitalize the bank.
No funds were obligated for this purpose in FY 2000.