Increase in National Limitation Amount for Qualified Highway or Surface Freight Transportation Facilities

Agency: Department of Transportation

 

Description:

Increases the the national limitation on Private Activity Bonds (PABs) for qualified highway and surface freight transportation facilities from $15 billion to $30 billion. This increase is designed to support the financing of surface transportation projects that receive federal assistance, projects for international bridges or tunnels, and facilities for the transfer of freight between trucks and rail or vice versa.

Bill Section:

80403

New or Existing:

Existing

Potential Cost:     

$30,000,000,000

Implementation Status/Rulemaking:   

Funding is made available on a rolling basis. As of March 2024, approximately $17.35 billion in bonds have been issued. Please see the following link for projects funded: Source