§ 132. — Payments on Federalaid projects undertaken by a Federal agency.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 23USC132]
TITLE 23--HIGHWAYS
CHAPTER 1--FEDERAL-AID HIGHWAYS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 132. Payments on Federal-aid projects undertaken by a
Federal agency
Where a proposed Federal-aid project is to be undertaken by a
Federal agency pursuant to an agreement between a State and such Federal
agency and the State makes a deposit with or payment to such Federal
agency as may be required in fulfillment of the State's obligation under
such agreement for the work undertaken or to be undertaken by such
Federal agency, the Secretary, upon execution of a project agreement
with such State for the proposed Federal-aid project, may reimburse the
State out of the appropriate appropriations the estimated Federal share
under the provisions of this title of the State's obligation so
deposited or paid by such State. Upon completion of such project and its
acceptance by the Secretary, an adjustment shall be made in such Federal
share payable on account of such project based on the final cost
thereof. Any sums reimbursed to the State under this section which may
be in excess of the Federal pro rata share under the provisions of this
title of the State's share of the cost as set forth in the approved
final voucher submitted by the State shall be recovered and credited to
the same class of funds from which the Federal payment under this
section was made.
(Added Pub. L. 86-657, Sec. 4(a), July 14, 1960, 74 Stat. 522.)
