The Incentivizing Value Capture for Greener Transportation Act aims to promote sustainable transportation by providing grants and developing value.
The Incentivizing Value Capture for Greener Transportation Act seeks to address transportation-related issues by providing grants to states and local governments. It encourages the development of value capture mechanisms, which capture economic value generated by government investments to fund public transportation and affordable transit-oriented development. The act mandates the Department of Transportation to establish value capture standards and best practices, and requires grantees to maintain funding levels and meet performance benchmarks.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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