STATE AND LOCAL PERMITS.

SEC. 999F. [42 U.S.C. 16376] STATE AND LOCAL PERMITS. The provision of credit assistance under the CIFIA program with respect to a project shall not— (1) relieve any recipient of the assistance of any project obligation to obtain any required State or local permit or approval with respect to the project; (2) limit the right of any unit of State or local government to approve or regulate any rate of return on private equity invested in the project; or (3) otherwise supersede any State or local law (including any regulation) applicable to the construction or operation of the project.