Monday, March 22, 2010

Oberstar Proposes to Float Loan to Highway Trust Fund

For some time now, projections have indicated that the Highway Trust Fund will shortly run out of money. The fund, which gets revenues from federal fuel taxes, is one of the primary sources of federal funding for highway projects.

Rep. James Oberstar (MN), chair of the House Transportation and Infrastructure Committee, proposes loaning $130 million to the fund from the general treasury. The Highway Trust Fund would have to repay the loan beginning in the fifth year of the loan.

Related posts and articles:
Highway Fund in Continued Trouble; Empty by August
Oberstar proposes federal loan to fill highway funding gaps

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