Bill 118 s 5505, also known as the Highway Trust Fund Spending Limitation Act, aims to restrict the amount of money that can be spent from the Highway Trust Fund. The Highway Trust Fund is a federal fund that is used to finance transportation projects such as road and bridge construction and maintenance.
The bill proposes to set a limit on the amount of money that can be spent from the Highway Trust Fund each year. This limit is intended to ensure that the fund is used efficiently and effectively, and to prevent wasteful spending on unnecessary projects.
In addition to limiting spending from the Highway Trust Fund, the bill also includes provisions for other purposes related to transportation funding. These provisions may include measures to improve accountability and transparency in the use of funds, as well as to ensure that projects funded by the Highway Trust Fund are completed in a timely and cost-effective manner.
Overall, the Highway Trust Fund Spending Limitation Act is aimed at promoting responsible and effective use of federal transportation funding, and at ensuring that taxpayer dollars are used wisely to support critical infrastructure projects across the country.