Sec. 80002. Maintenance of highway trust fund cash balance
692 words·~3 min read·
/bill/114/hr/22/eas/section-80002·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section: The term Highway Account has the meaning given the term in section 9503(e)(5)(B) of the Internal Revenue Code of 1986. The term Highway Trust Fund means the Highway Trust Fund established by section 9503(a) of the Internal Revenue Code of 1986. The term Mass Transit Account means the Mass Transit Account established by section 9503(e)(1) of the Internal Revenue Code of 1986. If the Secretary, in consultation with the Secretary of the Treasury, determines under the test or reevaluation described under subsection
(c)or
(d)that the projected cash balances of either the Highway Account or the Mass Transit Account of the Highway Trust Fund will fall below the levels described in subparagraph
(A)or
(B)of subsection (c)(2) at any time during the fiscal year for which that determination applies, the Secretary shall not approve any obligation of funds authorized out of the Highway Account or the Mass Transit Account of the Highway Trust Fund during that fiscal year. On July 15 prior to the beginning of each of fiscal years 2019 through 2021, the Secretary, in consultation with the Secretary of the Treasury, shall— based on data available for the midsession review described under section 1106 of title 31, United States Code, estimate the projected cash balances of the Highway Account and the Mass Transit Account of the Highway Trust Fund for the upcoming fiscal year; and determine if those cash balances— are projected to fall below the amount of $4,000,000,000 at any time during that upcoming fiscal year in the Highway Account of the Highway Trust Fund; or are projected to fall below the amount of $1,000,000,000 at any time during that upcoming fiscal year in the Mass Transit Account of the Highway Trust Fund. The Secretary shall conduct the test described under subsection
(c)again during a respective fiscal year— if a law is enacted that provides additional revenues, deposits, or transfers to the Highway Trust Fund; or when the President submits to Congress under section 1105(a) of title 31, United States Code, updated outlay estimates or revenue projections related to the Highway Trust Fund. Not later than 15 days after a determination is made under subsection
(c)or (d), the Secretary shall provide notification of the determination to— the Committee on Environment and Public Works of the Senate; the Committee on Transportation and Infrastructure of the House of Representatives; the Committee on Banking, Housing, and Urban Affairs of the Senate; the Committee on Commerce, Science, and Transportation of the Senate; and State transportation departments and designated recipients. Notwithstanding subsection (b), the Secretary shall approve obligations in every fiscal year for— administrative expenses of the Federal Highway Administration, including any administrative expenses funded under— section 104(a) of title 23, United States Code; the tribal transportation program under section 202(a)(6), of title 23, United States Code; the Federal lands transportation program under section 203 of title 23, United States Code; and chapter 6 of title 23, United States Code; funds for the national highway performance program under section 119 of title 23, United States Code, that are exempt from the limitation on obligations; the emergency relief program under section 125 of title 23, United States Code; the administrative expenses of the National Highway Traffic Safety Administration in carrying out chapter 4 of title 23, United States Code; the highway safety programs under section 402 of title 23, United States Code, and national priority safety programs under section 405 of title 23, United States Code; the high visibility enforcement program under section 2009 of SAFETEA–LU ( 23 U.S.C. 402 note; Public Law 109–59 ); the highway safety research and development program under section 403 of title 23, United States Code; the national driver register under chapter 303 of title 49, United States Code; the motor carrier safety assistance program under section 31102 of title 49, United States Code; the administrative expenses of the Federal Motor Carrier Safety Administration under section 31110 of title 49, United States Code; and the administrative expenses of the Federal Transit Administration funded under section 5338(h) of title 49, United States Code, to carry out section 5329 of title 49, United States Code.
Connectionstraces to 1
Traces to 1 document
U.S. Code
1 reference not yet in our index
- Pub. L. 109-59
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources