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STORM Act becomes law, authorizing FEMA to grant money to states for resilience revolving loan funds but $200-million appropriation to fund it doesn't start until 2022.

Industry observers still think major legislation will require some Republican support.

The year 2020 provided a bumpy budgetary ride for all modes of transportation, and some industry insiders don’t expect airport and transit ridership to return to pre-pandemic levels for years.

Borrowers need to note changes in terms and documentation.

Lines such as NJ Transit comply with Dec. 31 deadline for key safety technology, spending about $11.5 billion, with $3.4 billion in federal grant and loan funds provided.

$10-billion allocation can go for payroll, operations, maintenance, but construction projects are eligible too.

Bipartisan bill extends renewables tax credits, but without prevailing wage provisions; energy and business groups support the legislation.