---
kind: "section"
citation: "25 C.F.R. § 170.227"
title: "25"
number: "170.227"
heading: "Can Tribes use flexible financing for TTP projects?"
url: "https://uscodex.org/cfr/25/170.227"
---

# §170.227. Can Tribes use flexible financing for TTP projects?


Yes. Tribes may use flexible financing in the same manner as States to finance TTP transportation projects, unless otherwise prohibited by law.

- (a) Tribes may issue bonds or enter into other debt-financing instruments under [23 U.S.C. 122](/usc/23/122.md) with the expectation of payment of TTP funds to satisfy the instruments.
- (b) Under [23 U.S.C. 603](/usc/23/603.md), the Secretary of Transportation may enter into an agreement for secured loans or lines of credit for TTP projects meeting the requirements contained in [23 U.S.C. 602](/usc/23/602.md). The secured loans or lines of credit must be paid from tolls, user fees, payments owing to the obligor under a public-private partnership or other dedicated revenue sources.
- (c) Tribes may use TTP funds as collateral for loans or bonds to finance TTP projects. Upon the request of a Tribe, a BIA region or FHWA will provide necessary documentation to banks and other financial institutions.

## Notes

### Authority

Authority: Pub. L. 112-141, Pub. L. 114-94; 5 U.S.C. 2; 23 U.S.C. 201, 202; 25 U.S.C. 2, 9.

### Source

Source: 81 FR 78463, Nov. 7, 2016, unless otherwise noted.