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

Sanchez, Humberto
July 2006
Bond Buyer;7/19/2006, Vol. 357 Issue 32426, p5
Trade Publication
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.


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