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LUNCHEON SESSION Roundtable of Transportation Executives William D. Ankner, Rhode Island Department of Transportation Phyllis Scheinberg, U.S. Department of Transportation Frederick (Bud) Wright, Federal Highway Administration Robert Jamison, Federal Transit Administration A luncheon conference featured a roundtable dis- friendly, and expand to other uses such as rail and cussion by a distinguished panel of transporta- freight investments. tion executives. Roundtable participants included Phyllis Scheinberg, Deputy Assistant Secretary for Bud- get and Programs for the U.S. Department of Trans- IDENTIFYING REFINEMENTS portation; Frederick (Bud) Wright, Executive Director of the Federal Highway Administration; and Robert Jami- Frederick (Bud) Wright son, Deputy Administrator of the Federal Transit Admin- istration. The conference chair, William D. Ankner, Wright echoed Scheinberg's assessment that it is time to moderated the roundtable. identify refinements rather than wholesale new programs. He predicted that programs once viewed as innovations would continue to move to the mainstream. EXPANDING PROGRAMS Phyllis Scheinberg LEVERAGING FEDERAL FUNDING Scheinberg described the expansion of the state infra- Robert Jamison structure bank program as an opportunity and wanted greater federal involvement in the program. She In reviewing the innovative finance approaches most rel- described the federal credit program for transportation evant to transit investments, Jamison focused on the (TIFIA) as having come into its own and the applica- benefit of leveraging the predictability of federal funding tion of grant anticipation borrowing (GARVEEs) as through the Full Funding Grant Agreement program. He moving from the outer limits to the mainstream. spoke about the dramatic increase in the use of tax- Scheinberg suggested that these programs have worked advantaged leases and noted the beginning of seeing and that now the need is to expand the programs, benefits of the TIFIA program for transit. As Scheinberg leverage them even more, make them more customer- did, Jamison urged an expansion of the state infrastruc- 20