49 C.F.R. § 80.21   Use of administrative offset.


Title 49 - Transportation


Title 49: Transportation
PART 80—CREDIT ASSISTANCE FOR SURFACE TRANSPORTATION PROJECTS

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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]

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