§ 188. — Funding.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 23USC188]
TITLE 23--HIGHWAYS
CHAPTER 1--FEDERAL-AID HIGHWAYS
SUBCHAPTER II--INFRASTRUCTURE FINANCE
Sec. 188. Funding
(a) Funding.--
(1) In general.--There are authorized to be appropriated from
the Highway Trust Fund (other than the Mass Transit Account) to
carry out this subchapter--
(A) $80,000,000 for fiscal year 1999;
(B) $90,000,000 for fiscal year 2000;
(C) $110,000,000 for fiscal year 2001;
(D) $120,000,000 for fiscal year 2002; and
(E) $130,000,000 for fiscal year 2003.
(2) Administrative costs.--From funds made available under
paragraph (1), the Secretary may use, for the administration of this
subchapter, not more than $2,000,000 for each of fiscal years 1999
through 2003.
(3) Availability.--Amounts made available under paragraph (1)
shall remain available until expended.
(b) Contract Authority.--
(1) In general.--Notwithstanding any other provision of law,
approval by the Secretary of a Federal credit instrument that uses
funds made available under this subchapter shall be deemed to be
acceptance by the United States of a contractual obligation to fund
the Federal credit instrument.
(2) Availability.--Amounts authorized under this section for a
fiscal year shall be available for obligation on October 1 of the
fiscal year.
(c) Limitations on Credit Amounts.--For each of fiscal years 1999
through 2003, principal amounts of Federal credit instruments made
available under this subchapter shall be limited to the amounts
specified in the following table:
Maximum amount of
Fiscal year: credit:
1999......................................... $1,600,000,000
2000......................................... $1,800,000,000
2001......................................... $2,200,000,000
2002......................................... $2,400,000,000
2003......................................... $2,600,000,000.
(Added and amended Pub. L. 105-178, title I, Sec. 1503(a), (c), June 9,
1998, 112 Stat. 249; Pub. L. 105-206, title IX, Sec. 9007(a), July 22,
1998, 112 Stat. 849.)
Amendments
1998--Subsec. (a)(2). Pub. L. 105-178, Sec. 1503(c)(1), as added by
Pub. L. 105-206, Sec. 9007(a), substituted ``1999'' for ``1998''.
Subsec. (c). Pub. L. 105-178, Sec. 1503(c)(2), as added by Pub. L.
105-206, Sec. 9007(a), substituted ``1999'' for ``1998'' in introductory
provisions, and substituted table for former table which read as
follows:
Maximum amount of
``Fiscal year: credit:
1998......................................... $1,200,000,000
1999......................................... $1,200,000,000
2000......................................... $1,800,000,000
2001......................................... $1,800,000,000
2002......................................... $2,300,000,000
2003......................................... $2,300,000,000.''
Effective Date of 1998 Amendment
Title IX of Pub. L. 105-206 effective simultaneously with enactment
of Pub. L. 105-178 and to be treated as included in Pub. L. 105-178 at
time of enactment, and provisions of Pub. L. 105-178, as in effect on
day before July 22, 1998, that are amended by title IX of Pub. L. 105-
206 to be treated as not enacted, see section 9016 of Pub. L. 105-206,
set out as a note under section 101 of this title.
