TITLE

House OKs $1.5B for D.C. Transit, Contingent on States' Actions

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/19/2006, Vol. 357 Issue 32426, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. House of Representatives has approved legislation making the Washington Metropolitan Area Transit Authority (WMATA) eligible to receive $1.5 billion in federal funding for capital improvements and critical maintenance needs. The bill however requires the states involved with the authority to provide good source of funding. The legislation also stipulates that an inspector general should be hired by WMATA to oversee its spending and finances.
ACCESSION #
21691412

 

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