Funding, which goes through the end of fiscal year 2014, is fixed at 2012 levels plus inflation for highways and transit.
The Transportation Infrastructure Finance & Innovation Act (TIFIA) program is funded at $1.75 billion for the two years rather than the previous maximum of $244 million for two years, and there is more flexibility in how the government can allocate funds.
States are guaranteed to get at least 95 percent of what they pay into the highway tax fund, and there are now four core highway programs: National Highway Performance Program, Surface Transportation Program, Highway Safety Improvement Program and Congestion Mitigation and Air Quality Program.
From the article:
By a vote of 373-52 in the House and 74-19 in the Senate, the Moving Ahead for Progress in the 21st Century Act (MAP-21) transportation reauthorization bill has been approved.
