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Archive for October 2019

America Fast Forward Transportation Bonds – General Information

America Fast Forward, Learn More About AFF Transportation Bonds

The America Fast Forward initiative is a four-part initiative launched by Metro and advanced nationwide: Strengthening the Transportation Infrastructure Finance and Innovation Act (TIFIA) program – this was achieved in the America Fast Forward title of MAP-21; Creating the sixth class of qualified tax credit bonds for transportation projects – America Fast Forward Transportation Bonds…

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Background on America Fast Forward Bonds

America Fast Forward, Learn More About AFF Transportation Bonds

America Fast Forward Transportation Bonds are a tax policy initiative designed to stimulate greater investment in the transportation sector. They provide a substantial subsidy to the issuer by having the federal government pay all or most of the annual “interest” due on the bonds in the form of an annual tax credit against the investor’s…

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America Fast Forward Local Hire Initiative

America Fast Forward, Learn More About AFF Transportation Bonds

In September of 2011 Metro’s Board of Directors adopted a Board Report that added reforming federal-local hire rules to our agency’s successful America Fast Forward initiative. Working in close cooperation with Metro, Congresswoman Karen Bass (D-CA) introduced H.R. 3620 (The Local Hire Act) Local Hire Act in 2013 to permit establishing local hiring programs on…

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Over 200 Mayors from Across America Endorse America Fast Forward

America Fast Forward, Learn More About AFF Transportation Bonds

Last year, the U.S. Conference of Mayors voted to back a resolution by Los Angeles Mayor Eric Garcetti that “urges Congress to create a new category of qualified tax credit bonds to fund $45 billion for transportation to stimulate infrastructure investment.” The resolution adopted by the U.S. Conference of Mayors builds upon support the America Fast Forward…

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