; (2) in paragraph (3) (as so redesignated), by striking paragraph (1) and inserting paragraph (2) ; and (3) by inserting before paragraph (2) (as so redesignated) the following: (1) Processing timelines Except in the case of an application described in subsection (a)(8) and to the maximum extent practicable, the Secretary shall provide an applicant with a specific estimate of the timeline for the approval or disapproval of the application of the applicant, which, to the maximum extent practicable, the Secretary shall endeavor to complete by not later than 150 days after the date on which the applicant submits a letter of interest to the Secretary. . (d) Secured loans Section 603(c)(4)(A) of title 23, United States Code, is amended— (1) by striking Any excess and inserting the following: (i) In general Except as provided in clause (ii), any excess ; and (2) by adding at the end the following: (ii) Certain applicants In the case of a secured loan or other secured Federal credit instrument provided after the date of enactment of the America's Transportation Infrastructure Act of 2019 , if the obligor is a governmental entity, agency, or instrumentality, the obligor shall not be required to prepay the secured loan or other secured Federal credit instrument with any excess revenues described in clause (i) if the obligor enters into an agreement to use those excess revenues only for purposes authorized under this title or title 49. . (e) Streamlined application process Section 603(f) of title 23, United States Code, is amended by adding at the end the following: (3) Additional terms for expedited decisions (A) In general Not later than 120 days after the date of enactment of this paragraph, the Secretary shall implement an expedited decision timeline for public agency borrowers seeking secured loans that meet— (i) the terms under paragraph (2)