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Highway Funding

Vote scheduled on bill that extends SAFETEA-LU

March 16, 2010


The U.S. Senate voted to end debate on the amended version of the jobs bill and proceed to a final vote on the measure March 17, NSSGA reported in its Special Legislative Update. The bill extends SAFETEA-LU through Dec. 31, transfers $19.5 billion into the Highway Trust Fund for interest that had been foregone on the balance and restores the rescission of contract authority that took place when SAFETEA-LU expired on Sept. 30, 2009. It also includes a payroll tax break for new hires, a small-business expensing provision, and Build America Bonds financing, which was expanded by the House this month, increasing the cost of the bill from $15 billion to $17.6 billion.

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