Last week, the White House released to Congress its long-awaited infrastructure plan—a 53-page Legislative Outline for Rebuilding Infrastructure in America[1] (the “Outline”)—to accompany its proposed Fiscal Year 2019 budget.[2] The Legislative Outline largely reflects the central themes of the infrastructure “fact sheet” published last May and analyzed in our related client alert[3]—namely, the use of a limited pool of federal dollars to leverage further investment in projects by states,...
