Georgia Chamber Welcomes House Action on Critical Transportation Funding
Press release from the issuing company
Wednesday, July 16th, 2014
Today the U.S. House of Representatives passed H.R. 5021, the Highway and Transportation Funding Act of 2014, to extend funding for the Federal Highway Trust Fund (HTF) until May 2015.
Georgia currently receives 62% of its transportation construction funding from the HTF, which will become insolvent next month if Congress does not pass legislation extending its funding. This could result in the Georgia Department of Transportation ceasing approval of construction contracts until Congress approves the HTF funding.
“The Georgia Chamber thanks Congress for taking action on this critical transportation funding legislation and especially members of the Georgia House delegation who voted in support of this bill,” said Georgia Chamber president and CEO Chris Clark. “While we are glad to see this critical issue moving forward, we also hope that the Congress will work between now and when the term of this legislation expires to adopt a long term solution that will offer more stability for states.”
"As the State of Georgia is renewing efforts to address our transportation needs, it is encouraging to see that our partners in the federal government are also working towards a solution,” said Michael Sullivan, Chairman of the Georgia Transportation Alliance. “It is going to take support from all sides to ensure that we develop a solid long term plan to fund critical transportation infrastructure needs.”
The U.S. Senate is expected to vote on H.R. 5021 today.
