Principles for Federal Infrastructure Investments
Agencies Must Apply New Principles to Federal Infrastructure Spending
What it does
Agencies must develop and submit plans to apply these investment principles to federal infrastructure spending.
Real-world impact
- Changes how agencies justify major infrastructure projects using cost-benefit analysis.
- Requires state and local grant recipients to improve planning and data systems.
- Encourages private companies to participate in financing, building, or operating projects.
Topics
Summary
This order requires federal departments and agencies that fund infrastructure to use clear principles when planning and managing projects. It covers direct spending and grants for transportation, water resources, energy, and environmental protection. Agencies must analyze benefits and costs, manage assets efficiently, encourage private participation, and help state and local grant recipients improve planning.
Agencies must submit initial implementation plans to the Office of Management and Budget by March 15, 1994. Starting with the fiscal year 1996 budget, major programs (over $50 million annually) should be justified using these principles.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”