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Redirecting $1.8 Billion in Unused TIFIA Funds to State Highway Projects.

This Act redirects unused funds from the TIFIA loan program (Transportation Infrastructure Finance and Innovation Act) directly to state departments of transportation. This means $1.8 billion, plus additional funds in 2025 and 2026, will be allocated for local surface transportation projects like road repairs, bridge maintenance, and safety improvements. Citizens can expect faster implementation of infrastructure projects in their states, as these funds are more readily available than loans.
Key points
An immediate $1.8 billion is distributed to states for highway and transportation projects, accelerating repairs and construction.
The funds come from previously unspent TIFIA loan program money, making them available as grants rather than loans.
States will receive funds based on their current share of federal highway funding, ensuring a fair distribution.
In fiscal years 2025 and 2026, 75% of estimated unused TIFIA funds will also be redirected to highway projects, providing continuous additional infrastructure funding.
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Additional Information
Print number: 118_S_5235
Sponsor: Sen. Capito, Shelley Moore [R-WV]
Process start date: 2024-09-25
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OFFICIAL LEGAL TITLE

Fiscally Responsible Highway Funding Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5235.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-25.

What are the main provisions?

Key points include:

  • An immediate $1.8 billion is distributed to states for highway and transportation projects, accelerating repairs and construction.
  • The funds come from previously unspent TIFIA loan program money, making them available as grants rather than loans.
  • States will receive funds based on their current share of federal highway funding, ensuring a fair distribution.
  • In fiscal years 2025 and 2026, 75% of estimated unused TIFIA funds will also be redirected to highway projects, providing continuous additional infrastructure funding.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Capito, Shelley Moore [R-WV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Transport Public Investments Economy