This bill should maintain - or preferably increase - current levels of funding, provide strong federal leadership for national transportation priorities, protect current assets and expand system capacity, retain the user fee principle for federal highway and transit financing, and expedite the process of transportation project review and approval.
The bottom line is that the contingency fee system already solves the one problem litigation financing addresses, and does so in a manner that avoids the worst excesses.
The idea is to help developers efficiently put together the necessary pieces that will make their proposals attractive to investors, who pay SCS a subscription fee and 1% to 3% of the financing they provide for each project.
Along with signing off on the request to extend the financing, which had been scheduled to mature on Thursday, Judge Gropper advised Levy to submit fee-related filings to the public record.