Saturday, August 18, 2012

Washington Moves To Recycle $43 Million In Unspent Calif. Highway Funds

LOS ANGELES (AP) ? The Obama administration wants to recycle $43 million in unspent highway funds in California.

The state was allocated the money for a variety of projects in recent years but it was never used either because it was left over from a job or held up because of environmental reviews.

State officials say that in some cases the money will be used as planned, or in others it will be rolled over into other projects from high-speed rail to highways.

U.S. Transportation Secretary Ray LaHood announced Friday that more than $470 million will be made immediately available nationally for projects such as repairing crumbling roads and bridges.

State Transportation Department spokesman Matt Rocco says California will not lose money, either way.

(? Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Source: http://losangeles.cbslocal.com/2012/08/17/washington-moves-to-recycle-transport-funds-in-calif/

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