A bill to amend title 23, United States Code, to modify a provision relating to the obligation and release of funds.

Bill: 114-s-1781
Sponsor: full_name: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2015-07-15
Policy area: Transportation and Public Works
Subjects: Government trust funds

Roads and highways

Transportation programs funding
Latest action: action_date: 2015-07-15
text: Read twice and referred to the Committee on Environment and Public Works.

Summaries:
action_date: 2015-07-15
action_desc: Introduced in Senate
text: <p>This bill modifies requirements that apply to the obligation and release of federal highway funds by states. </p> <p>Under current law, any funds released by the final payment or a modification for a project must be credited to the same class of funds previously apportioned or allocated to the state for the project and are immediately available for obligation. </p> <p>This bill permits the funds to be credited to a similar class of funds if the same class is no longer authorized. </p>

tv_txt: II 114th CONGRESS 1st Session S. 1781 IN THE SENATE OF THE UNITED STATES July 15, 2015 Mr. Hatch introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works A BILL To amend title 23, United States Code, to modify a provision relating to the obligation and release of funds.

1. Obligation and release of funds Section 118(c)(2) of title 23, United States Code, is amended— (1) in the matter preceding subparagraph (A), by striking Any funds and inserting the following: (A) In general Any funds ; (2) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and indenting appropriately; and (3) by adding at the end the following: (B) Same class of funds no longer authorized If the same class of funds described in subparagraph (A)(i) is no longer authorized in the most recent authorizing law, the funds may be credited to a similar class of funds, as determined by the Secretary. .