Senate Panel OKs $284B For Roads

Sanchez, Humberto
March 2005
Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p1
Trade Publication
Reports on the approval of the highway portion of legislation that is expected to provide guaranteed funding for road and transit construction and related safety programs by a U.S. Senate panel. Expectation for a White House-supported provision to be included in the bill that would allow private companies to use tax-exempt private activity bonds to finance the construction of intermodal freight projects; Combination of the measure with a legislation that is scheduled for consideration by the Senate Banking Committee, which oversees transit issues; Jurisdiction of the Senate Commerce Committee over the safety provisions in the measure.


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