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<bill bill-stage="Introduced-in-House" dms-id="HBAA4B5692965410CB1059D59A697E5ED" public-private="public" bill-type="olc"> 
<form> 
<distribution-code display="yes">I</distribution-code> 
<congress>112th CONGRESS</congress>
<session>1st Session</session>
<legis-num>H. R. 2971</legis-num> 
<current-chamber>IN THE HOUSE OF REPRESENTATIVES</current-chamber> 
<action> 
<action-date date="20110920">September 20, 2011</action-date> 
<action-desc><sponsor name-id="H001059">Mr. Hultgren</sponsor> introduced the following bill; which was referred to the <committee-name committee-id="HPW00">Committee on Transportation and Infrastructure</committee-name>, and in addition to the Committees on <committee-name committee-id="HGO00">Oversight and Government Reform</committee-name> and <committee-name committee-id="HWM00">Ways and Means</committee-name>, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned</action-desc>
</action> 
<legis-type>A BILL</legis-type> 
<official-title>To amend titles 23, 45, and 49, United States Code, to encourage the use of private-public partnerships in transportation.</official-title> 
</form> 
<legis-body id="HBC647719ED2F4586AF4B19F2AB131159" style="OLC"> 
<section id="H0B733AD3D29647B49CEFB87E2D0F77C2" section-type="section-one"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Lincoln Legacy Infrastructure Development Act</short-title></quote>.</text></section> 
<section id="H957C8DE99F96470E956162CAFFC19213"><enum>2.</enum><header>Findings</header><text display-inline="no-display-inline">Congress finds that—</text> 
<paragraph id="H797DD66D41B94B5F90BF8B5A6E352E32"><enum>(1)</enum><text>the American Association of State Highway and Transportation Officials estimates current highway, bridge, public transit, and freight and passenger rail funding needs are approximately $225,000,000,000 to $340,000,000,000 per year through 2055, while current spending is less than $90,000,000,000 per year;</text></paragraph> 
<paragraph id="HDF2FFE08C19D4DFD9269F11D2589E5A4"><enum>(2)</enum><text>according to the organization known as Transportation for America, 69,223 bridges, or 11.5 percent of all highway bridges in the United States, are considered structurally deficient;</text></paragraph> 
<paragraph id="H7879A7E5580044BA98CE566362CDBF0E"><enum>(3)</enum><text>according to the Congressional Research Service, for fiscal year 2010, the Highway Trust Fund, the primary funding source for highways and transit, received approximately $35,000,000,000 in revenue but spent approximately $50,000,000,000;</text></paragraph> 
<paragraph id="H9ED184CA554841FDB354C5A0A1E34B5B"><enum>(4)</enum><text>Congress transferred $34,500,000,000 in general revenue to the Highway Trust Fund during the period of fiscal years 2008 to 2010 to keep the Highway Trust Fund solvent;</text></paragraph> 
<paragraph id="H0806C4F7A6544FB09410A87C327819D7"><enum>(5)</enum><text>Highway Trust Fund outlays during the period of fiscal years 2011 to 2021 are expected to exceed revenues and interest by approximately $120,000,000,000;</text></paragraph> 
<paragraph id="HC4B26817BBD14CB6ADCCEA1E7597D356"><enum>(6)</enum><text>the Congressional Budget Office estimates that the Highway Trust Fund will be unable to meet obligations of the Highway Trust Fund sometime during fiscal year 2012;</text></paragraph> 
<paragraph id="H7130C8DA676F4B6FB5AD86E3EBD196AA"><enum>(7)</enum><text>the United States Chamber of Commerce estimates that further deterioration of transportation networks could result in as much as $336,000,000,000 in lost growth during the 5 years after the date of enactment of this Act;</text></paragraph> 
<paragraph id="H50F233FEDA034BB9BD7A4EAE82D39179"><enum>(8)</enum><text>private-public partnerships are an important tool to help address transportation infrastructure shortfalls;</text></paragraph> 
<paragraph id="H4741881544AB4A018F409965E0589E9F"><enum>(9)</enum><text>infrastructure experts estimate that there is more than $400,000,000,000 available for private-sector capital infrastructure investment;</text></paragraph> 
<paragraph id="HA6ABC63E82A54C97A463D37C58F4B371"><enum>(10)</enum><text>according to the Federal Highway Administration, 29 States and 1 United States territory have enacted legislation enabling private-public partnerships; and</text></paragraph> 
<paragraph id="H968D272781DC47CEA98870DA93A587C3"><enum>(11)</enum><text>State and local governments are uniquely positioned to further develop and use innovative financing methods for all modes of infrastructure.</text></paragraph></section> 
<section id="HED73C940BC2046FFB114CCB1D8AC41CA"><enum>3.</enum><header>Federal-aid highways</header> 
<subsection id="H1CFF77834337467B8C2310ADFE46F1B9"><enum>(a)</enum><header>Vending machines</header><text>Section 111(b) of title 23, United States Code, is amended—</text> 
<paragraph id="H0EF3C1A6FB9E4C9BB3194E657BA3713E"><enum>(1)</enum><text>by striking <quote>Notwithstanding</quote> and inserting the following:</text> 
<quoted-block display-inline="no-display-inline" id="HEDEAB2AF7F6D46B6B1BA35DBC86CA392" style="OLC"> 
<paragraph id="H2DA2094C7B2F4D30ADC0D42248767051"><enum>(1)</enum><header>In general</header><text>Notwithstanding</text></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph> 
<paragraph id="H9551C70BE8A04D8F801FE4C869F3CEA0"><enum>(2)</enum><text>by adding at the end the following:</text> 
<quoted-block display-inline="no-display-inline" id="HEF03830FE82A4C3F8C4D05415BDA1E9B" style="OLC"> 
<paragraph id="H7C41AB949EA642F495CD7EDCEAF6EE17"><enum>(2)</enum><header>Blind vending facilities</header><text>Notwithstanding any other provision of this Act—</text> 
<subparagraph id="H86ECEB34E3FF417EA19E595B8B703F55"><enum>(A)</enum><text>the Secretary shall not impose any surcharge on a State with respect to any blind vending facility established pursuant to paragraph (1); and</text></subparagraph> 
<subparagraph id="HB2C771C0094B494484B483519D1BD49A"><enum>(B)</enum><text>the priority accorded licensed blind vendors by paragraph (1) shall not be otherwise limited or diminished as a result of the implementation of the <short-title>Lincoln Legacy Infrastructure Development Act</short-title>.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection> 
<subsection id="HE15AA838E0264EB796A3826200103AEC"><enum>(b)</enum><header>Toll roads, bridges, tunnels, and ferries</header><text>Section 129(a)(3) of title 23, United States Code, is amended in the last sentence by striking <quote>for any purpose for which Federal funds may be obligated by a State under this title</quote> and inserting <quote>, including revenues received as a result of any agreement entered into by the State for the sale, lease, or concession of a highway, bridge, or tunnel, only for purposes relating to a highway or transit transportation project carried out under this title or title 49</quote>.</text></subsection> 
<subsection id="HFEE35D5BBA134792B9E261A5FC0AC16C"><enum>(c)</enum><header>HOV facilities</header><text>Section 166(a) of title 23, United States Code, is amended by striking paragraph (2) and inserting the following:</text> 
<quoted-block display-inline="no-display-inline" id="H5C2E7017D4BF48559BA54CCD6717887A" style="OLC"> 
<paragraph id="H73E6165A2F9C4B2AB66A044ACA59C3F0"><enum>(2)</enum><header>Occupancy requirement</header> 
<subparagraph id="H58C3A877465447D8B7B38DDE18918AE6"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B) and in other provisions of this section, not fewer than 2 occupants per vehicle may be required for use of a HOV facility.</text></subparagraph> 
<subparagraph id="HD700F69256534F45A0EE408C8260C45D"><enum>(B)</enum><header>Congestion</header><text>In any case in which a State determines that a HOV facility is a degraded facility (as described in subsection (d)(2)(B)) or that the average speed of traffic on a HOV facility slows to less than the minimum average operating speed (as defined in subsection (d)(2)(A)), the State shall require not fewer than 3 occupants per vehicle for use of the HOV facility.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection> 
<subsection id="H08699428EBBF470A8A86193F2E3B445D"><enum>(d)</enum><header>Innovative surface transportation financing methods</header> 
<paragraph id="H6C228C7145534648A568C10AAF8154FA"><enum>(1)</enum><header>Value pricing pilot program</header><text>Section 1012(b)(1) of the Intermodal Surface Transportation Efficiency Act of 1991 (23 U.S.C. 149 note; 105 Stat. 1938) is amended in the second sentence by striking <quote>as many as 15 such State or local governments or public authorities</quote> and inserting <quote>States, local governments, and public authorities</quote>.</text></paragraph> 
<paragraph id="HDB85A46A99C44C03AF1DB9CF2FA8F36C"><enum>(2)</enum><header>Interstate System reconstruction and rehabilitation pilot program</header><text>Section 1216(b)(2) of the Transportation Equity Act for the 21st Century (23 U.S.C. 129 note; 112 Stat. 212) is amended—</text> 
<subparagraph id="H0E37C8EE9E304983B9C9440E1473CD03"><enum>(A)</enum><text>in the first sentence, by striking <quote>3</quote> and inserting <quote>10</quote>; and</text></subparagraph> 
<subparagraph id="HA2651E11EB4641F4AC5BAA1CE2D56B9E"><enum>(B)</enum><text>by striking the second sentence.</text></subparagraph></paragraph></subsection> 
<subsection id="H9AE651EAE17742E29C88B6D1C6194D39"><enum>(e)</enum><header>Express lanes demonstration program</header><text>Section 1604(b)(2) of the SAFETEA–LU (23 U.S.C. 129 note; 119 Stat. 1250) is amended in the matter preceding subparagraph (A)—</text> 
<paragraph id="H31890893702240B4BA815516E8C57655"><enum>(1)</enum><text>by striking <quote>15</quote>; and</text></paragraph> 
<paragraph id="H31889BD9F5CF423FBCBE95B4568C2D09"><enum>(2)</enum><text>by striking <quote>2005 through 2009</quote> and inserting <quote>2012 through 2017</quote>.</text></paragraph></subsection> 
<subsection commented="no" display-inline="no-display-inline" id="H9FB000C456EE436B927AFEECE7C41D46"><enum>(f)</enum><header>Interstate System construction toll pilot program</header><text display-inline="yes-display-inline">Section 1604(c) of the SAFETEA–LU (23 U.S.C. 129 note; 119 Stat. 1253) is amended—</text> 
<paragraph commented="no" display-inline="no-display-inline" id="HB377EF22D1B6426BA4FE2569A8A3CF7F"><enum>(1)</enum><text display-inline="yes-display-inline">by striking paragraph (2);</text></paragraph> 
<paragraph commented="no" display-inline="no-display-inline" id="HE14038ABD5774C37A4A9AA451DF9097C"><enum>(2)</enum><text display-inline="yes-display-inline">by redesignating paragraphs (9) and (1) as paragraphs (1) and (2), respectively; and</text></paragraph> 
<paragraph commented="no" display-inline="no-display-inline" id="HEBC84E42F7E14214B95BA1BE39C67E22"><enum>(3)</enum><text>in paragraph (8), by striking <quote>the date of enactment of this Act</quote> and inserting <quote>the date of enactment of the <short-title>Lincoln Legacy Infrastructure Development Act</short-title></quote>.</text></paragraph></subsection></section> 
<section id="HB16FB0F9EFAC4A648B109FFA06D31EF4"><enum>4.</enum><header>Infrastructure finance</header> 
<subsection id="H3670246637134CE6891FF31D04F98474"><enum>(a)</enum><header>Nonsubordination</header> 
<paragraph id="H8C1AC381FB0D4B4B998E54CDD75847E2"><enum>(1)</enum><header>Secured loans</header><text display-inline="yes-display-inline">Section 603(b) of title 23, United States Code, is amended—</text> 
<subparagraph id="HB1C45C343A564AEBBF53AE9E5F67EFE3"><enum>(A)</enum><text display-inline="yes-display-inline">by striking paragraph (6); and</text></subparagraph> 
<subparagraph id="H981243A613C246C89931BBFD55DAF0CF"><enum>(B)</enum><text>by redesignating paragraphs (7) and (8) as paragraphs (6) and (7), respectively.</text></subparagraph></paragraph> 
<paragraph id="H4A8FF29692B6466580580A70BD587EEB"><enum>(2)</enum><header>Lines of credit</header><text>Section 604(b) of title 23, United States Code, is amended—</text> 
<subparagraph id="HFD1D93667D224D9F88517496074F62D2"><enum>(A)</enum><text display-inline="yes-display-inline">by striking paragraph (8); and</text></subparagraph> 
<subparagraph commented="no" display-inline="no-display-inline" id="HB413B9A36BD740EE8BE1F5040A048667"><enum>(B)</enum><text>by redesignating paragraphs (9) and (10) as paragraphs (8) and (9), respectively.</text></subparagraph></paragraph></subsection> 
<subsection id="HE4F504E52A104E58856E91D5E6A82012"><enum>(b)</enum><header>Reauthorization</header><text>Section 608(a) of title 23, United States Code, is amended—</text> 
<paragraph id="HD13334E37DF644C38791085634C2B29D"><enum>(1)</enum><text>in paragraph (1), by striking <quote>$122,000,000 for each of fiscal years 2005 through 2009</quote> and inserting <quote>$750,000,000 for each of fiscal years 2012 through 2017</quote>; and</text></paragraph> 
<paragraph id="H6CFD9545020F44B6AB33BCA5F0069B1C"><enum>(2)</enum><text>in paragraph (3) by striking <quote>$2,200,000 for each of fiscal years 2005 through 2009</quote> and inserting <quote>$7,500,000 for each of fiscal years 2012 through 2017</quote>.</text></paragraph></subsection></section> 
<section id="H844CEEFA97F6473C8D37D74C00711918"><enum>5.</enum><header>Railroad Rehabilitation and Improvement Financing Program</header> 
<subsection id="HFEB59361A9724849B3A680C71F67D677"><enum>(a)</enum><header>Eligible activities</header><text>Section 822(b)(1) of title 45, United States Code, is amended—</text> 
<paragraph id="H9F2B24B35B2C4EA3A4B3AAD4629DC27E"><enum>(1)</enum><text>in subparagraph (B), by striking <quote>or</quote> at the end;</text></paragraph> 
<paragraph id="H77F90F997F884DCA8CA38E0783CA7502"><enum>(2)</enum><text>in subparagraph (C), by striking the period at the end and inserting a semicolon; and</text></paragraph> 
<paragraph id="HC9A30AE6DE6A454390A479174B735D5F"><enum>(3)</enum><text>by adding at the end the following:</text> 
<quoted-block display-inline="no-display-inline" id="HB0E55B14B7084A889B4757B459450833" style="OLC"> 
<subparagraph id="HF21AB0D8DB3143F1A02511BC5C53922D"><enum>(D)</enum><text>carry out projects and activities that benefit high-speed rail; or</text></subparagraph> 
<subparagraph id="HD638DC40B5C94973A6ED3BA63EEED20B"><enum>(E)</enum><text>carry out development phase activities, including planning, feasibility analysis, revenue forecasting, environmental review, permitting, preliminary engineering and design work, and other preconstruction activities.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection> 
<subsection id="H1D7DF58BCD5F410BA83A9B9DE55B71F1"><enum>(b)</enum><header>Credit risk requirements</header><text>Section 822(h)(2) of title 45, United States Code, is amended by inserting <quote>For purposes of making a finding under subsection (g)(4), the Secretary, through the Administrator of the Federal Railroad Administration, shall consider the net present value of anticipated dedicated revenues or user fees to be collateral offered by the applicant.</quote> after <quote>the project.</quote>.</text></subsection> 
<subsection id="H584332D25646444B82E70BDCBECAE96C"><enum>(c)</enum><header>Biannual report</header><text>Not later than 6 months after the date of the enactment of this Act, and every 6 months thereafter, the Administrator of the Federal Railroad Administration shall submit a report to Congress that describes—</text> 
<paragraph id="HF644F4B2F8074F34A1EC5E20B5B877F5"><enum>(1)</enum><text>the number of loans pending and issued under section 822 of title 45, United States Code; and</text></paragraph> 
<paragraph id="H8F68724140CF4164B41C4AB762E9DE00"><enum>(2)</enum><text>the time taken to process each of the loans described in paragraph (1).</text></paragraph></subsection></section> 
<section id="HF03D464F7E3542D594C7087C1FDC389B"><enum>6.</enum><header>Public transportation</header> 
<subsection id="H40C7A0FF0EC94CB6A731DD215A4DD4D2"><enum>(a)</enum><header>Definitions</header><text>In this section—</text> 
<paragraph id="H36C6F35B3A9748DCB815667E62B7F54C"><enum>(1)</enum><text>the term <term>Administrator</term> mean the Administrator of the Federal Transit Administration;</text></paragraph> 
<paragraph id="HC2D798988FAD46CE948AC7E5918B122C"><enum>(2)</enum><text>the term <term>covered HOT lane facility</term> means any high occupancy/toll lane facility used by a bus service operated by a public transportation agency, without regard to whether the high occupancy/toll lane facility was converted from a high occupancy vehicle facility;</text></paragraph> 
<paragraph id="H65FAB1EA1B5D4B709699FA841887C91D"><enum>(3)</enum><text>the term <term>eligible project</term> means a project carried out using funding under section 5307 or 5309 of title 49, United States Code;</text></paragraph> 
<paragraph id="H540642F6C938448598D560489406948A"><enum>(4)</enum><text>the term <term>eligible recipient</term> means a recipient of funding under section 5307 or 5309 of title 49, United States Code;</text></paragraph> 
<paragraph id="HF5D6954B50144D408A9201C63AD0570A"><enum>(5)</enum><text>the term <term>experimental program</term> means the public-private partnership experimental program established under subsection (b); and</text></paragraph> 
<paragraph id="HDA5AD7E37FE84BBCABE14CE0E93C1CFE"><enum>(6)</enum><text>the term <term>fixed guideway miles</term> includes fixed guideway revenue vehicle-miles, fixed guideway route miles, and fixed guideway vehicle passenger-miles.</text></paragraph></subsection> 
<subsection id="H003CC22037FB4FF1B34A89907A0B1303"><enum>(b)</enum><header>Public-Private partnership experimental program</header> 
<paragraph id="HB40F61FF41E84A77A716E72CB04DFF98"><enum>(1)</enum><header>Program established</header><text>The Administrator shall establish a 6-year public-private partnership experimental program to encourage eligible recipients to carry out tests and experimentation in the project development process that are designed to—</text> 
<subparagraph id="H5669510FB6D843E08619D70843CBE43F"><enum>(A)</enum><text>attract private investment in covered projects; and</text></subparagraph> 
<subparagraph id="H2406EF2DCAA24D3D88515B47180B0553"><enum>(B)</enum><text>increase project management flexibility and innovation, improve efficiency, allow for timely project implementation, and create new revenue streams.</text></subparagraph></paragraph> 
<paragraph id="HF761C82273AD4FA59B9894ED7E7C0E5C"><enum>(2)</enum><header>Implementation of program</header><text>The experimental program shall—</text> 
<subparagraph id="HBD60A086B6844492A4542BB972528456"><enum>(A)</enum><text>except as provided in paragraph (5), identify any provisions of chapter 53 of title 49, United States Code, and any regulations or practices thereunder, that impede greater use of public-private partnerships and private investment in covered projects; and</text></subparagraph> 
<subparagraph id="HE457AAFA57604A57B259DCBE4AB35370"><enum>(B)</enum><text>develop procedures and approaches that—</text> 
<clause id="HE1B78F5F7C2D4CE59ABF634B05784020"><enum>(i)</enum><text>address the impediments described in subparagraph (A), in a manner similar to the Special Experimental Project Number 15 of the Federal Highway Administration (commonly referred to as <quote>SEP–15</quote>); and</text></clause> 
<clause id="H68730A1CE58B4EF98F5E65901938E69A"><enum>(ii)</enum><text>protect the public interest and any public investment in covered projects.</text></clause></subparagraph></paragraph> 
<paragraph id="H317BA1E46755438DA326C4433A026DD4"><enum>(3)</enum><header>Report</header><text>Not later than 2 years after the date of enactment of this Act, and every 2 years thereafter until the termination of the experimental program, the Administrator shall submit to Congress a report on the status of the experimental program.</text></paragraph> 
<paragraph id="HDB3B6395C9AD4D369DB159ACA25BBBFA"><enum>(4)</enum><header>Rulemaking</header><text>Not later than 180 days after the date of enactment of this Act, the Administrator shall issue rules to carry out the experimental program.</text></paragraph> 
<paragraph id="HBC9F10DCEA8D431DBEEED119C81356CE"><enum>(5)</enum><header>Rule of construction</header><text>Nothing in this subsection may be construed to allow the Administrator to waive any requirement under—</text> 
<subparagraph id="H5053D029289140B5B5381BF5D0223414"><enum>(A)</enum><text>section 5333 of title 49, United States Code;</text></subparagraph> 
<subparagraph id="HC7872A2A7AE542E2988580B78FA591DA"><enum>(B)</enum><text>the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.); or</text></subparagraph> 
<subparagraph id="H4E31586797994C25B1AD4C4B92F8FE44"><enum>(C)</enum><text>any other provision of Federal law not described in paragraph (2)(A).</text></subparagraph></paragraph></subsection> 
<subsection commented="no" display-inline="no-display-inline" id="H08F19CA335B44E44B65DF3A88FD878BC"><enum>(c)</enum><header>Determination of number of fixed guideway miles</header> 
<paragraph commented="no" display-inline="no-display-inline" id="H7097288AD84743D1A049A743A1C4D18E"><enum>(1)</enum><header>In general</header><text>For purposes of apportioning funding under sections 5307 and 5309 of title 49, United States Code, the Administrator shall deem covered HOT lane facility miles in an area to be fixed guideway miles attributable to the area.</text></paragraph> 
<paragraph commented="no" display-inline="no-display-inline" id="H79CA2FE2DBC841509FC11CC0C23AF6DA"><enum>(2)</enum><header>Amount apportioned not affected</header><text>Notwithstanding any other provision of law, the Secretary may not apportion an amount for an urbanized area under section 5307 or 5309 of title 49, United States Code, for fiscal year 2012, or any fiscal year thereafter, that is less than the amount apportioned for the urbanized area under section 5307 or 5309, respectively, for fiscal year 2011, if the reduction in amount is solely attributable to the requirement under paragraph (1).</text></paragraph> 
<paragraph commented="no" display-inline="no-display-inline" id="HC6E8170ECA09475F86CDA70BD93B09AA"><enum>(3)</enum><header>Availability of funds</header><text>There shall be available from the Mass Transit Account of the Highway Trust fund for fiscal year 2012, and each fiscal year thereafter, such sums as are necessary to carry out this subsection.</text></paragraph></subsection></section> 
<section id="HD160CE76533C4AF0804DEB2FB0B55B63"><enum>7.</enum><header>Removal of cap on exempt facility bonds used to finance qualified highway or surface freight transfer facilities</header> 
<subsection id="H6F1C31B117F84C56B10E5434B214DF36"><enum>(a)</enum><header>In general</header><text>Subsection (m) of section 142 of the Internal Revenue Code of 1986 is amended—</text> 
<paragraph id="HFD805EE8C2774A4397F6DB7C05EA28AB"><enum>(1)</enum><text>by striking paragraph (2), and</text></paragraph> 
<paragraph id="H232B79DE4B6241FA9B8C40B7BCB7C099"><enum>(2)</enum><text>by redesignating paragraphs (3) and (4) as paragraphs (2) and (3).</text></paragraph></subsection> 
<subsection id="H2742F7A214704C1388970FD0814B6B28"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.</text></subsection></section> 
<section id="HC3D3CCC63A144BFF95DEC3117968E58F"><enum>8.</enum><header>Reduction in annual adjustments to pay schedules for Federal employees for fiscal years 2013 through 2021</header><text display-inline="no-display-inline">For each of fiscal years 2013 through 2021, section 5303(a) of title 5, United States Code, shall be applied by substituting <quote>1 percentage point</quote> for <quote>one-half of 1 percentage point</quote>.</text></section> 
<section id="H4D2C4DBED3BB4EEE853D0FC30D8B9D4D"><enum>9.</enum><header>Funding</header><text display-inline="no-display-inline">Of the Federal funds saved for the period of fiscal years 2013 through 2021 as a result of the application of section 9 of this Act and subsections (b) and (c) of section 147 of the Continuing Appropriations Act, 2011 (Public Law 111–242; 124 Stat. 2607, 124 Stat. 3518)—</text> 
<paragraph id="HB98D3806B09542A592E556F6C009F346"><enum>(1)</enum><text>such sums as may be necessary to carry out this Act and any amendments made by this Act shall be deposited into the Highway Trust Fund; and</text></paragraph> 
<paragraph id="H078FD7C2678D46D69D6D61AC4B769FC6"><enum>(2)</enum><text>the remainder of the funds shall be used for purposes of deficit reduction.</text></paragraph></section> 
</legis-body> 
</bill> 

