SAFETEASafe, Accountable, Flexible and Efficient Transportation Equity Act
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Under the SAFETEA proposal, highway funding is slated to grow by 24 percent from 2003 to 2009, while guaranteed public transit funding would be reduced by 8 percent during the same period.
Under SAFETEA, states must now provide a 50 percent match for new transit projects, but only 20 percent for road projects.
SAFETEA recognizes that America's transportation network is a critical component in the nation's economy and that improvements to the highway system provide a sound foundation for economic growth.
Oberstar and Young are now pushing to have TEA LU in shape and ready for launch by the time the six-month extension on SAFETEA winds down at the end of this month.
DOT named the proposal "The Safe, Accountable, Flexible and Efficient Transportation Equity Act of 2003," or SAFETEA.
SAFETEA proposes the creation of a highway safety improvement program funded at $1 billion in 2004 and growing each year to $1.
But Steed said total highway funding under SAFETEA would be insufficient due to the backlog of needed highway and bridge improvement projects.
The following special federal appropriation was allocated to this project: FY05 SAFETEA LU/HPP $2,000,000.
This project includes funding from the following Earmarks SAFETEA LU:
for instance, offered an amendment to raise the percentage increase of funding each state would receive under SAFETEA from 10 percent to 15 percent more than what each state currently receives under the previous surface transportation law.
SAFETEA recommends funding transit programs at $51.