TRANSPORTATION DEVELOPMENT CREDITS.

SEC. 1905. TRANSPORTATION DEVELOPMENT CREDITS. Section 120(j)(1) of title 23, United States Code, is amended—(1) by striking “A State” and inserting the following:“(A) In general.—A State”; and(2) by striking the last sentence and inserting the following:“(B) Special rule for use of federal funds.—If the public, quasi-public, or private agency has built, improved, or maintained the facility using Federal funds, the credit under this paragraph shall be reduced by a percentage equal to the percentage of the total cost of 119 STAT. 1468 building, improving, or maintaining the facility that was derived from Federal funds.“(C) Federal funds defined.—In this paragraph, the term ‘Federal funds’ does not include loans of Federal funds or other financial assistance that must be repaid to the Government.”.