S.Amdt. 2431

1. Rewrites page 56, line 16 through page 57, line 2

   ReplacesPrinted page

   Removes page 56, line 16 through page 57, line 2 of the printed bill. See that page

   Inserted: (3) Minimum share of tax payments.--

   Inserted: (A) In general.--Notwithstanding subsection (d), for each fiscal year, the Secretary shall allocate among the States amounts sufficient to ensure that no State receives a percentage of apportionments for the fiscal year for the programs specified in subsection (a)(2) that is less than the applicable percentage under subparagraph (B) of estimated tax payments attributable to highway users in the State paid into the Highway Trust Fund (other than the Mass Transit Account) in the most recent fiscal year for which data are available.

   Inserted: (B) Minimum percentages.--The percentage referred to in subparagraph (A) shall be--

   Inserted: (i) for fiscal year 2004, 90.5 percent;

   Inserted: (ii) for fiscal year 2005, 91 percent;

   Inserted: (iii) for fiscal year 2006, 92 percent;

   Inserted: (iv) for fiscal year 2007, 93 percent;

   Inserted: (v) for fiscal year 2008, 94 percent; and

   Inserted: (vi) for fiscal year 2009, 95 percent.

   Inserted: (C) Adjustment.--Funding for the programs under subsection (a)(2) shall be adjusted proportionately so that the total funding proportioned complies with the obligation limitations under section 1102 of the Safe, Accountable, Flexible, and Efficient Equity Act of 2003.

   Original wording

   Beginning on page 56, strike line 16 and all that follows through page 57, line 2, and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed