The Department of
Transportation (DOT) annually funds approximately $80 billion in:
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Grants;
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Cooperative agreements;
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Loans; and
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Other transactions.
Guidance for departmental
formula and discretionary grant programs is contained in their
authorizing legislation, program regulations, or departmental
regulations. Generally guidance includes general project management
requirements and limitations, if any, on spending authority.
Departmental grants are generally made to state and local governments.
These grants are normally used to assist these entities in the planning,
design, and construction of transportation improvements (e.g.
highway, transit, and airport improvements). Funding is also
available for research and development projects.