Apportionment of Excess Value Pricing Pilot Program Funds for Fiscal Year (FY) 2012
Office of Primary Interest
|N 4510.739||October 26, 2011||HCFB-1|
What is the purpose of this Notice? This Notice transmits the apportionment of excess Value Pricing Pilot Program funds for FY 2012 pursuant to the Surface Transportation Extension Act of 2011, Part II, title I of Public Law (Pub. L.) 112-30, which continues section 1012(b)(8)(D) of the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), Pub L. 102-240, as amended.
What is the background information?
Pursuant to section 1012(b)(8)(D) of ISTEA, as amended, funds that are made available but not allocated for the Value Pricing Pilot Program in excess of $8,000,000 as of September 30 of any fiscal year:
(1) shall be apportioned in the following fiscal year among the States in accordance with section 104(b)(3) of title 23, United States Code (U.S.C.);
(2) shall be considered to be a sum made available for expenditures on the Surface Transportation Program, except that the amount shall not be subject to section 133(d) of title 23, U.S.C.; and
(3) shall be available for any purpose eligible for funding under section 133 of title 23, U.S.C.
As of September 30, 2011, the amount made available but not allocated for the Value Pricing Pilot Program is $8,438,000. Therefore, the amount in excess of $8,000,000 and subject to apportionment among the States is $438,000. The distribution of these funds is shown in the attached table.
What is the availability of these funds?
The funds resulting from this distribution are subject to obligation controls in force at the time of obligation. No new obligation authority is distributed with these funds.
The Federal share shall be in accordance with section 120 of title 23, U.S.C.
The funds shall be available for any purpose for which Surface Transportation Program funds are eligible under section 133(b) of title 23, U.S.C., and shall have the same period of availability as such funds.
The program code for these funds is L24E, which is the same program code used for Surface Transportation Program funds available for obligation in any area of a State.
What action is required? Division Administrators should ensure that copies of this Notice are provided to the State departments of transportation.
Victor M. Mendez
UNITED STATES DEPARTMENT OF TRANSPORTATION
FEDERAL HIGHWAY ADMINISTRATION
|District of Columbia||2,190|