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Code · STATUTE-COMPILATIONS · Thomas R. Carper Water Resources Development Act of 2024 · Sec. 2104

Sec. 2104. REDISTRIBUTION OF FISCAL YEAR 2025 TIFIA FUNDING

326 words·~1 min read·/statute-compilations/comps-18105/sec-2104

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## SEC. 2104 REDISTRIBUTION OF FISCAL YEAR 2025 TIFIA FUNDING ###
(a)Determination ####
(1)In general Notwithstanding any other provision of law and subject to paragraph (2), on April 1, 2025, the Secretary shall— #####
(A)determine the amount of contract authority made available for credit assistance under the TIFIA program for fiscal year 2025 pursuant to section 11101(a)(2) of the Infrastructure Investment and Jobs Act (Public Law 117-58; 135 Stat. 443) that is estimated to remain unobligated in that fiscal year; and #####
(B)distribute to States, in accordance with this section, 75 percent of the amount of contract authority determined under subparagraph (A). ####
(2)Treatment The amounts distributed under paragraph (1)(B) shall— #####
(A)be subject to the obligation limitation for Federal-aid highway and highway safety construction programs; #####
(B)remain available until September 30, 2028; and #####
(C)be in addition to any other funding apportioned to States under section 104(b) of title 23, United States Code. ###
(b)Distribution The amount distributed under subsection (a)(1)(B) shall be distributed so that each State receives an amount equal to the proportion that— ####
(1)the amount apportioned to the State for fiscal year 2025 under subsection
(b)of section 104 of title 23, United States Code; bears to ####
(2)the total amount apportioned to all States for fiscal year 2025 under that subsection. ###
(c)Requirements Amounts distributed to States under subsection (a)(1)(B) shall be— ####
(1)except as otherwise provided in this section, administered as if apportioned under chapter 1 of title 23, United States Code; ####
(2)available for any purpose described in section 133(b) of that title; ####
(3)subject to the set aside under section 133(h) of such title; ####
(4)suballocated in the same manner described in section 133(d) of that title; and ####
(5)subject to the requirements of section 11101(e) of the Infrastructure Investment and Jobs Act (23 U.S.C. 101 note; Public Law 117-58).
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  • 135 Stat. 443
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Sec. 2104
REDISTRIBUTION OF FISCAL YEAR 2025 TIFIA FUNDING
Stat.135 Stat. 443
Cites 3Cited by 0 across 0 sources
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