To establish a pilot toll credit market place program, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 30, 2015)
This bill directs the Department of Transportation (DOT) to establish a pilot toll credit marketplace program for states, metropolitan planning organizations (MPOs), or local governments to buy and sell toll credits and use the proceeds for highway, transit, and other related projects. States, MPOs, or local governments may not use federal funds to purchase toll credits on the marketplace or use them for more than 10% of its annual apportionment of federal-aid highway funds in a fiscal year.
The Federal Highway Administration shall determine how a toll credit marketplace will work.
The Railroad Revitalization and Regulatory Reform Act of 1976 is amended to revise railroad rehabilitation and improvement financing program requirements. Toll credits earned shall be eligible as collateral in determining credit risk premium amounts for direct loans or loan guarantees for railroad improvement projects.
What just happenedMay 1, 2015
Referred to the Subcommittee on Highways and Transit.
Who’s behind it
- Introduced in HouseApr 30, 2015
- May 1, 2015Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Apr 30, 2015IntroReferralH11100
Referred to the House Committee on Transportation and Infrastructure.
Transportation and Infrastructure Committee - Apr 30, 2015IntroReferralIntro-H
Introduced in House
- Apr 30, 2015IntroReferral1000
Introduced in House