Wednesday, April 15, 2015

Highway/Transit Program Deadline Looms

The House and Senate return April 13 from a two week recess with the May 31 expiration of the most recent federal surface transportation program extension fast approaching.
Without enactment of a long-term authorization bill or another temporary extension by that deadline, the authority to spend funds out of the Highway Trust Fund (HTF) would lapse and the Federal Highway Administration would be forced to furlough employees. The U.S. Department of Transportation (DOT) projects the HTF will continue to be able to support existing investment levels for a few more months, but the department also anticipates the fund will suffer its sixth cash flow crisis since 2008 later this summer.
Read the rest of the story here.

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