Highway Funding Transferability Improvement Act
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This bill increases the amount of federal highway program funds that a state may reallocate annually between designated programs. Specifically, for the following programs, the bill allows a state to reallocate up to 75% (currently, 50%) of the annual funding for each program to any of the other programs: National Highway Performance Program; Surface Transportation Block Grant Program; Highway Safety Improvement Program; Congestion Mitigation and Air Quality Improvement Program; National Highway Freight Program; Carbon Reduction Program; and Promoting Resilient Operations for Transformative, Efficient, and Cost-Saving Transportation Formula Program (also known as the PROTECT Formula Program).
Filed in the Senate
This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
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