§80.21. Use of administrative offset.
49 C.F.R. § 80.21
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.
Notes, amendments, and revision history
Amendments
[65 FR 44940, July 19, 2000]
Authority
Authority: Secs. 1501 et seq., Pub. L. 105-178, 112 Stat. 107, 241, as amended; 23 U.S.C. 601-611 and 315; 49 U.S.C. 116.
Source
Source: 64 FR 29750, June 2, 1999, unless otherwise noted.
Amendments
[65 FR 44940, July 19, 2000]