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Code · STATUTE-COMPILATIONS · Intermodal Surface Transportation Efficiency Act of 1991 · Sec. 1054

Sec. 1054. TEMPORARY MATCHING FUND WAIVER

364 words·~2 min read·/statute-compilations/comps-1422/sec-1054

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## SEC. 1054 TEMPORARY MATCHING FUND WAIVER **[**[23 U.S.C. 120 note](/us/usc/t23/s120)**]** ###
(a)Waiver of Matching Share Notwithstanding any other provision of law, the Federal share of any qualifying project approved by the Secretary under title 23, United States Code, and of any qualifying project for which the United States becomes obligated to pay under title 23, United States Code, during the period beginning on October 1, 1991, and ending September 30, 1993, shall be the percentage of the construction cost as the State requests, up to and including 100 percent. ###
(b)Repayment The total amount of increases in the Federal share made pursuant to subsection
(a)for any State shall be repaid to the United States by the State on or before March 30, 1994. Payments shall be deposited in the Highway Trust Fund and repaid amounts shall be credited to the appropriate apportionment accounts of the State. ###
(c)Deduction From Apportionments If a State has not made the repayment as required by subsection (b), the Secretary shall deduct from funds apportioned to the State under title 23, United States Code, in each of the fiscal years 1995 and 1996, a pro rata share of each category of apportioned funds. The amount which shall be deducted in each fiscal year shall be equal to 50 percent of the amount needed for repayment. Any amount deducted under this subsection shall be reapportioned for fiscal years 1995 and 1996 in accordance with title 23, United States Code, to those States which have not received a higher Federal share under this section and to those States which have made the repayment required by subsection (b). ###
(d)Qualifying Project Defined For purposes of this section, the term “**qualifying project**” means a project approved by the Secretary after the effective date of this title, or a project for which the United States becomes obligated to pay after such effective date, and for which the Governor of the State submitting the project has certified, in accordance with regulations established by the Secretary, that sufficient funds are not available to pay the cost of the non-Federal share of the project. * * * * * * *
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Sec. 1054
TEMPORARY MATCHING FUND WAIVER
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