White House Releases $473 Million in Unspent Transportation Funds

Posted on: September 4th, 2012 by NADO Admin

On August 17, the White House announced that it will distribute $473 million in funds associated with unspent earmark projects from fiscal years 2003—2006. State departments of transportation will now have the ability to use unspent earmarked highway funds on eligible highway, transit, passenger rail, or port projects.

States must identify the projects they plan to use the funds for by October 1, and must obligate them by December 31, 2012. Funds not obligated by December 31 will be proportionally redistributed in FY2013 to states that met the deadline. Click here (http://www NULL.fhwa NULL.dot NULL.gov/pressroom/redisfy0306earmarks NULL.htm) to view project details and available funds by state. Click here (http://www NULL.fhwa NULL.dot NULL.gov/pressroom/fhwa1233 NULL.htm) to view the full press release from the Federal Highway Administration.

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