Enacts One-Year Federal-Aid Highway & Transit Extension
On October 1, the president signed into law legislation that averts a shutdown of federal government agencies and programs, including the federal-aid highway and transit programs. The legislation—known as a continuing resolution (CR)—funds the federal government through December 11. Thanks to AGC and a unified stakeholder community effort, a one-year extension of the Fixing America’s Surface Transportation (FAST) Act – the current highway and transit law – was included in the CR. The extension generally provides current levels of funding for federal highway and transit programs through September 30, 2021. In addition, the CR provides $13.6 billion to shore up the Highway Trust Fund (HTF) for the duration of the extension. That amount is divided between the two accounts within the HTF: $10.4 billion for the Highway Account and $3.2 billion for the Mass Transit Account.
For more information, contact Murphie Barrett at murphie.barrett@agc.org.