Pub. L. 108-7, div. I, tit. III, sec. 357

Pub. L. 108-7, div. I, tit. III, sec. 357

EnactedYear: 2003Length: 231 wordsOfficial source
Sec. 357. (a) In General.—As soon as practicable after the date of enactment of this Act, the Secretary of Transportation shall enter into an agreement with the State of Nevada, the State of Arizona, or both, to provide a method of funding for construction 117 STAT. 422 of a Hoover Dam Bypass Bridge from funds allocated for the Federal Lands Highway Program under section 202(b) of title 23, United States Code.(b) Methods of Funding.—(1) The agreement entered into under subsection (a) shall provide for funding in a manner consistent with the advance construction and debt instrument financing procedures for Federal-aid Highways set forth in sections 115 and 122 of title 23, except that the funding source may include funds made available under the Federal Lands Highway Program.(2) Eligibility for funding under this subsection shall not be construed as a commitment, guarantee, or obligation on the part of the United States to provide for payment of principal or interest of an eligible debt financing instrument as so defined in section 122, nor create a right of a third party against the United States for payment under an eligible debt financing instrument. The agreement entered into pursuant to subsection (a) shall make specific reference to this provision of law.(3) The provisions of this section do not limit the use of other available funds for which the project referenced in subsection (a) is eligible.
Pub. L. 108-7, div. I, tit. III, sec. 357 | Justis AI