Federal Support for Financing State and Local Transportation and Water Infrastructure
Sixty percent of state and local investment in transportation and water infrastructure is financed using tools that impose costs on the federal government: tax-exempt bonds, tax credit bonds, state banks, and direct federal credit programs.
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### Instruction: Federal Support for Financing State and Local Transportation and Water Infrastructure

### Response: Sixty percent of state and local investment in transportation and water infrastructure is financed using tools that impose costs on the federal government: tax-exempt bonds, tax credit bonds, state banks, and direct federal credit programs.