The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (P.L. 114-41) authorized General Fund transfers to the Highway Account and Mass Transit Account of the Highway Trust Fund.
"The good news is that Congress has avoided bankrupting the Highway Trust Fund. The bad news is that there is still no long-term certainty, and this latest band-aid expires right as the next construction season begins..."
"I applaud the Senate's strong bipartisan vote, which sends a clear message that we need action on a long-term transportation bill this year, and reaffirms that Democrats and Republicans can come together to do it. There is no reason to delay the real debate about long-term funding and badly needed policy updates until we reach another crisis point, which could be May 2015 and at the beginning of the next construction season."
A calendar for August 2014, indicating days--August 8, 11, 25, and 26--when FHWA will not approve Highway Trust Fund reimbursements to States.
WASHINGTON – U.S.
|State||FY 2014 Apportionments||State Shares of Cash Allocations Based on Apportionments|
Memo to DOT officials and staff providing procedures for reimbursement during a cash shortfall in the Highway Account of the Highway Trust Fund (HTF). Unless otherwise directed, cash management procedures will be implemented on August 1, 2014. These cash management procedures will continue until further notice.
On July 1, 2014, Transportation Secretary Foxx sent a "Dear Colleague" letter to transit agencies advising them that DOT will implement cash management procedures for the Highways Account of the Highway Trust Fund.
July 1, 2014 letter from Transportation Secretary Foxx to State DOT CEOs on DOT's Cash Management Procedures to be implemented for the Highway Account of the Highway Trust Fund.
Highlights Project’s Economic Impact as part of Invest in America Bus Tour
BIRMINGHAM, Ala. —U.S. Transportation Secretary Anthony Foxx today visited construction of the future site of the Birmingham Intermodal Facility, as part his Invest in America, Commit to the Future bus tour, calling it an investment in Alabama’s economic future that could be replicated across the country if Congress would support a long-term transportation bill. The intermodal facility will significantly improve transit options and connect thousands of local residents to jobs and other opportunities in Birmingham and throughout Jefferson County. The Secretary’s visit is part of a multi-state tour highlighting the urgent need to continue to invest in America’s transportation infrastructure at a time when the nation’s surface transportation programs are set to expire and the Highway Trust Fund is running out of money.