Today, the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved Fiscal Year 2009 legislation that provides $41.2 billion for the Federal-Aid Highway Program,$1.8 billion more than the President’s request and the same as the FY2008 level.
Most importantly, the bill transfers $8 billion from the General Fund to the Highway Trust Fund to ensure adequate resources are available to invest in highway infrastructure in 2009 at the levels assumed in the SAFETEA-LU law. The amount transferred is identical to the amount transferred out of the trust fund at the end of 1998.
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