Fiscally constrained definition
Fiscally constrained means that full funding is reasonably anticipated to be available within the time period contemplated for completion of the projects in the transportation plan or in the transportation improvement plan in accordance with the metropolitan planning regulations at 23 CFR Part 450.
Fiscally constrained means, consistent with DOT’s metropolitan transportation planning regulations at 23 CFR Part 450.
Fiscally constrained means that the funding for the project is reasonably expected to be available, and if it is in the first two years of the Transportation Improvement Program (TIP) in a nonattainment or maintenance area, funding for the project is available or committed. A P3 project may be reasonable if there are clear expressions of support by appropriate local/regional decision makers and a strategy exists for securing necessary approvals. Other indicators of “reasonableness” include if a State or local jurisdiction has had past success in implementing P3s, the State has P3-enabling legislation in place, or efforts are underway to enact legislation. http://www.fhwa.dot.gov/planning/guidfinconstr_qa.cfm (accessed on September 20, 2015)