Highway Funding Restoration Act

Highway Funding Restoration Act - Amends the Transportation Equity Act for the 21st Century (TEA) to set the obligation limit for Federal-aid highway and highway safety construction programs for FY 2003 at $28.9 billion, to be distributed in accordance with that Act.

(Sec. 3) Deems adjustments made pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 (Balanced Budget Act) (to align highway spending with revenues) and TEA to the highway category to be zero. Makes this section immediately applicable to reports issued pursuant to the Balanced Budget Act for FY 2003, including the discretionary sequestration preview report.

(Sec. 4) Increases the discretionary spending limit under the Balanced Budget Act and obligations limitations under TEA for the highway category.

(Sec. 5) Expresses the sense of Congress that the revenue aligned budget authority provision of the Balanced Budget Act should be amended to more accurately align highway spending with highway revenues while maintaining predictability and stability in highway funding levels.

(Sec. 6) Expresses the sense of the Senate that the funds made available by this Act shall be distributed among the States in accordance with TEA.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1917 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 1917

  To provide for highway infrastructure investment at the guaranteed 
 funding level contained in the Transportation Equity Act for the 21st 
                                Century.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 7, 2002

 Mr. Jeffords (for himself, Mr. Smith of New Hampshire, Mr. Reid, Mr. 
 Inhofe, Mr. Baucus, Mr. Warner, Mr. Graham, Mr. Bond, Mr. Voinovich, 
  Mr. Lieberman, Mr. Crapo, Mrs. Boxer, Mr. Chafee, Mr. Specter, Mr. 
    Wyden, Mr. Carper, Mr. Campbell, Mrs. Clinton, and Mr. Corzine) 
introduced the following bill; which was read twice and referred to the 
               Committee on Environment and Public Works

_______________________________________________________________________

                                 A BILL


 
  To provide for highway infrastructure investment at the guaranteed 
 funding level contained in the Transportation Equity Act for the 21st 
                                Century.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Highway Funding Restoration Act''.

SEC. 2. FEDERAL-AID HIGHWAY PROGRAM OBLIGATION CEILING.

    Section 1102 of the Transportation Equity Act for the 21st Century 
(23 U.S.C. 104 note; 112 Stat. 115, 113 Stat. 1753) is amended by 
adding at the end the following:
    ``(k) Restoration of Obligation Limitation for Fiscal Year 2003.--
Notwithstanding any other provision of law, the obligations for 
Federal-aid highway and highway safety construction programs for fiscal 
year 2003--
            ``(1) shall be not less than $27,746,000,000; and
            ``(2) shall be distributed in accordance with this 
        section.''.
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