Proposed House rules may gut highway transportation funding
January 4, 2011 from American Institute of Steel Construction
A Highway Trust Fund rescue effort is under way after new rules proposed by the incoming House Republican majority could potentially divert highway trust fund dollars, the Bond Buyer reported yesterday. The American Institute of Steel Construction, the National Steel Bridge Alliance, and other organizations (such as the American Society of Civil Engineers) strongly support ensuring that all infrastructure trust funds are secure. Help protect the Highway Trust Fund by visiting AISC’s legislative action page at www.aisc.org/action to learn more and contact your local representative.
Incoming chairman of the House Transportation Committee Rep. John Mica, R-Fla. is working with other members and leadership to find a solution that will defend the Highway Trust Fund and states' ability to plan projects.
The Bond Buyer reported that dozens of transportation and business groups urged House leaders to refrain from adopting changes to the rules that would remove provisions added in 1998 to ensure that transportation programs are funded from the Highway Trust Fund at the levels set forth in transportation authorization bills. The funding levels are based on the bills' estimates of the gas tax, diesel, and other revenues to be put into the fund each year.
Read more here.
For more information contact:
American Institute of Steel Construction
The American Institute of Steel Construction, headquartered in Chicago, is a not-for-profit technical institute and trade association established in 1921 to serve the structural steel design community and construction industry. AISC’s mission is to make structural steel the material of choice by being the leader in structural steel-related technical and market-building activities, including: specification and code development, research, education, technical assistance, quality certification, standardization, and market development. AISC has a long tradition of service to the steel construction industry of providing timely and reliable information.
130 East Randolph Dr. Suite 2000
Chicago IL 60601
Phone: (312) 670-2400
Fax: (312) 896-9022 www.aisc.org