Highway Trust Fund definition
Examples of Highway Trust Fund in a sentence
With regard to funds transferred out of the Federal Highway Trust Fund, if a State does not bill at least weekly for current project costs, the Federal interest liability shall not accrue prior to the day the State submits a request for funds.
ODOT may also conduct on-site inspections of any Project funded under this Agreement to ensure that the Project is State Highway Trust Fund eligible.
Grant Funds may only be used for transportation projects that are State Highway Trust Fund eligible, that is, those that are consistent with Article IX, Section 3a, of the Oregon Constitution (each such State Highway Trust Fund eligible transportation project is referred to in this Agreement as a “Project”).
Without limiting the foregoing, ODOT may request, and Recipient shall provide, documentation of expenditures to confirm that Recipient uses Grant Funds only for State Highway Trust Fund eligible purposes.
With regard to funds transferred out of the Federal Highway Trust Fund, the State shall ▇▇▇▇ at least weekly for current project costs.
Since the Composite Clearance funding method shall be used for programs funded by the Federal Highway Trust Fund, a dollar weighted midpoint clearance shall be calculated as described in 7.2.
Sufficient funds must be available in the Mass Transit Account of the Highway Trust Fund and an adequate liquidating cash appropriation must have been made before payments may be made to the Grantee under 49 U.S.C. § 5303.
Amounts au- thorized to be appropriated from the Highway Trust Fund (other than the Mass Transit Account) by sub- section (d) shall be available for obligation on the date of their apportionment or allocation or on Octo- ber 1 of the fiscal year for which they are authorized, whichever occurs first.
The objective of this grant agreement is to increase the amount of revenue available for highway programs by using Highway Trust Fund tax receipts, administered by the FHWA, to expand highway use tax compliance efforts by the Internal Revenue Service (IRS) and the States, with emphasis on motor fuel taxes.
A state does not request funds at least weekly from the Federal Highway Trust Fund for current project costs.