- Briefing Room
Federal law permits States with toll facilities to earn credits that can be applied towards the non-Federal share requirement on Federal-aid projects (U.S.C. 120 (i)). A state may earn toll credits when a public, quasi-public, or private agency uses toll revenue to build, improve, or maintain highways, bridges, or tunnels that serve the public purpose of interstate commerce.
Section 11503 of the Bipartisan Infrastructure Law (BIL) enacted a new toll credit exchange program that, on a pilot basis, allows ten “originating” states to sell or transfer toll credits to a “recipient” state. The purpose of the pilot program is to identify the demand to purchase toll credits, identify the cash price of toll credits through bilateral state transaction, test the feasibility of expansion of the pilot program, and identify any other repercussions of the toll exchange credit.
The Pilot Program is open to Originating and Recipient states:
At this time, the Toll Credits Exchange Pilot Program is not accepting credit applications for originating states. Please check this website regularly for updates.
In order to participate in the Pilot Program as an originating State, a State shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including, at a minimum, such information as is required for the Secretary to verify: