S.Amdt. 1786
What it does: Adds SEC. ___. LIMITATION ON EXPENDITURES at the end of subtitle E of title I of division A
Sen. Bob Corker (R-TN)What it changes
1 change to S. 1813
Adds SEC. ___. LIMITATION ON EXPENDITURES at the end of subtitle E of title I of division A
Adds a sectionInserted: SEC. ___. LIMITATION ON EXPENDITURES.
Inserted: Notwithstanding any other provision of law, if the Secretary determines for any fiscal year that the estimated receipts required to carry out transportation programs and projects under this Act and amendments made by this Act (as projected by the Secretary of the Treasury) does not produce a positive balance in the Highway Trust Fund available for those programs and projects for the fiscal year, each amount made available for such a program or project shall be reduced by the pro rata percentage required to reduce the aggregate amount required to carry out those programs and projects to an amount equal to that available for those programs and projects in the Highway Trust Fund for the fiscal year.
Original wording
At the end of subtitle E of title I of division A, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1786. Mr. CORKER submitted an amendment intended to be proposed by him to the bill S. 1813, to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle E of title I of division A, add the following:
SEC. ___. LIMITATION ON EXPENDITURES.
Notwithstanding any other provision of law, if the Secretary determines for any fiscal year that the estimated receipts required to carry out transportation programs and projects under this Act and amendments made by this Act (as projected by the Secretary of the Treasury) does not produce a positive balance in the Highway Trust Fund available for those programs and projects for the fiscal year, each amount made available for such a program or project shall be reduced by the pro rata percentage required to reduce the aggregate amount required to carry out those programs and projects to an amount equal to that available for those programs and projects in the Highway Trust Fund for the fiscal year.
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Senate amendment submitted
March 5, 2012