The bill would increase the flow of highway aid to states by
adjusting current spending levels to take into account inflation over
the past several years. States would have greater discretion over how to
spend the money, but the bill also would create a new set of
performance and project eligibility requirements aimed at preventing
waste and making sure national goals are met.
A credit assistance
program that helps leverage private investment for transportation
projects of national and regional significance would be increased
tenfold to $1 billion. In the past, the program has been able to
generate as much as $30 in private capital for every $1 in aid, Boxer
has said.
The measure also would reduce the number of federal
transportation programs by roughly two-thirds in an effort to eliminate
duplication. Bicycle, pedestrian, safe routes to schools and
rails-to-trails programs — which were targeted by Republicans — were
preserved by moving them into a larger congestion mitigation program
where they would have to compete with other programs for moneyFULL STORY HERE
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