Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 49 - Transportation |
Subtitle A - Office of the Secretary of Transportation |
Part 80 - Credit Assistance for Surface Transportation Projects |
§ 80.21 - Use of administrative offset.
Latest version.
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§ 80.21 Use of administrative offset.
The DOT will not apply an administrative offset to recover any losses to the Federal Government resulting from project risk the DOT has assumed under a TIFIA credit instrument. The DOT may, however, use an administrative offset in cases of fraud, misrepresentation, false claims, or similar criminal acts or acts of malfeasance or wrongdoing.
[65 FR 44940, July 19, 2000]