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GENERAL SESSION 2 Summary of Day 1 Reports on Concurrent Sessions Janet Friedl, American Association of State Highway and Transportation Officials Jennifer Mayer, Federal Highway Administration, Western Finance Center Mary Richards, Massachusetts Organization of State Engineers and Scientists Porter Wheeler and Sasha Page, Infrastructure Management Group, Inc. F ollowing the culmination of the concurrent ses- funding options for transportation at the national level. sions for Day 1, conference participants reassem- The first session set the stage for consideration of alter- bled in a general session to discuss key points, native funding approaches. Speakers addressed the common themes, and areas for further research. A syn- challenges to traditional funding approaches, including thesizer provided an overview of that day's sessions for the question of whether current funding approaches each track, as follows: send the right signals to consumers regarding gas con- sumption relative to environmental protection and Track 1. Janet Friedl, American Association of State energy conservation goals. Highway and Transportation Officials; The second session in Track 1 addressed the range of Track 2. Jennifer Mayer, Federal Highway Administration, tax measures currently under consideration as options Western Finance Center; to leverage the transportation funding pie. Speakers in Track 3. Mary Richards, Massachusetts Organization this session addressed leveraged leasing, tax-exempt of State Engineers and Scientists; and financing (including financing for private sponsors) and Track 4. Porter Wheeler and Sasha Page, Infrastructure tax credit bonds, and the related Transportation Management Group, Inc. Finance Corporation (TFC) proposal. Friedl concluded that the presentations that com- Each presenter provided a summary of the sessions posed the first day of Track 1 sessions began to chal- comprising the track for which they were responsible, lenge the status quo and to set the stage for rethinking drawing out common themes, key observations, and transportation funding in the near and longer term. opportunities for further research. A detailed review of each track is provided in the following section. TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER TRACK 1: HOW TO FINANCE THE NEXT TRANSPORTATION PROGRAM-- Jennifer Mayer REAUTHORIZATION AND BEYOND Mayer summarized the sessions in Track 2: Tools and Janet Friedl Techniques to Delivery More Projects Faster, focusing on tools and techniques to expand the number of proj- Friedl provided a summary of the first two sessions of ects and to advance the timing of project delivery. She Track 1: How to Finance the Next Transportation described the two sessions as consisting of presentations Program--Reauthorization and Beyond, focusing on by individuals from five states and by two additional 18