Page:United States Statutes at Large Volume 119.djvu/1573

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1555

area shall develop a TIP for the area for which the organization is designated. ‘‘(B) OPPORTUNITY FOR COMMENT.—In developing the TIP, the metropolitan planning organization, in cooperation with the State and any affected public transportation operator, shall provide an opportunity for participation by interested parties in the development of the program, in accordance with subsection (i)(5). ‘‘(C) FUNDING ESTIMATES.—For the purpose of developing the TIP, the metropolitan planning organization, public transportation agency, and State shall cooperatively develop estimates of funds that are reasonably expected to be available to support program implementation. ‘‘(D) UPDATING AND APPROVAL.—The TIP shall be updated at least once every 4 years and shall be approved by the metropolitan planning organization and the Governor. ‘‘(2) CONTENTS.— ‘‘(A) PRIORITY LIST.—The TIP shall include a priority list of proposed federally supported projects and strategies to be carried out within each 4-year period after the initial adoption of the TIP. ‘‘(B) FINANCIAL PLAN.—The TIP shall include a financial plan that— ‘‘(i) demonstrates how the TIP can be implemented; ‘‘(ii) indicates resources from public and private sources that are reasonably expected to be available to carry out the program; ‘‘(iii) identifies innovative financing techniques to finance projects, programs, and strategies; and ‘‘(iv) may include, for illustrative purposes, additional projects that would be included in the approved TIP if reasonable additional resources beyond those identified in the financial plan were available. ‘‘(C) DESCRIPTIONS.—Each project in the TIP shall include sufficient descriptive material (such as type of work, termini, length, and other similar factors) to identify the project or phase of the project. ‘‘(3) INCLUDED PROJECTS.— ‘‘(A) PROJECTS UNDER THIS CHAPTER AND TITLE 23.— A TIP developed under this subsection for a metropolitan area shall include the projects within the area that are proposed for funding under this chapter and chapter 1 of title 23. ‘‘(B) PROJECTS UNDER CHAPTER 2 OF TITLE 23.— ‘‘(i) REGIONALLY SIGNIFICANT PROJECTS.—Regionally significant projects proposed for funding under chapter 2 of title 23 shall be identified individually in the transportation improvement program. ‘‘(ii) OTHER PROJECTS.—Projects proposed for funding under chapter 2 of title 23 that are not determined to be regionally significant shall be grouped in one line item or identified individually in the transportation improvement program. ‘‘(C) CONSISTENCY WITH LONG-RANGE TRANSPORTATION PLAN.—Each project shall be consistent with the long-range

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