Transportation Success

Sanchez, Humberto
March 2005
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p1
Trade Publication
The article reports that the U.S. House Transportation and Infrastructure Committee yesterday unanimously approved legislation that would provide $283.9 billion in guaranteed funding over six years, including funds spent in fiscal 2004, for highway and transit construction and related safety programs. But the panel left for another day decisions concerning the minimum in transportation grants that each state would be guaranteed. The bill would replace the current law--the Transportation Equity Act for the 21st Century--which provided about $200 million in guaranteed spending over six years, and has been extended six times since it first expired October 1, 2003.


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