Vermont delegation introduces bill to waive state transportation match requirement |
Wednesday, 10 December 2008 14:01 |
WASHINGTON, DC, December 10 - The Vermont congressional delegation introduced legislation today that would waive the state and local match requirement for all federally-funded highway, transit and rail projects through September 2009.
Transportation officials have reported that because of growing budget deficits at the state and local level, many ready-to-go projects simply cannot move forward without untying the strings of the required match. This bill would waive that match - usually 10 to 20 percent of the total cost - and allow those projects to move forward. Rep. Welch introduced the bill in the House today, while Sen. Sanders and Sen. Leahy introduced companion legislation in the Senate. |