Highway Innovative Financing Act of 2014

Highway Innovative Financing Act of 2014 - Amends the Intermodal Surface Transportation Efficiency Act of 1991 to remove limits on the number of state or local governments or public authorities with which the Secretary of Transportation (DOT) may enter into cooperative agreements to establish value pricing pilot programs (in effect, allowing extension of the programs to all such authorities).

Amends the Transportation Equity Act for the 21st Century (TEA-21) to increase from 3 to 10 the number of IS highways, bridges, or tunnels where a state may collect tolls for the reconstruction and rehabilitation of Interstate System highway corridors.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2051 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2051

   To provide States with greater flexibility in innovative highway 
                               financing.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 27, 2014

 Mr. Kirk (for himself and Mr. Warner) introduced the following bill; 
 which was read twice and referred to the Committee on Environment and 
                              Public Works

_______________________________________________________________________

                                 A BILL


 
   To provide States with greater flexibility in innovative highway 
                               financing.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Highway Innovative Financing Act of 
2014''.

SEC. 2. INNOVATIVE SURFACE TRANSPORTATION FINANCING METHODS.

    (a) Value Pricing Pilot Program.--Section 1012(b)(1) of the 
Intermodal Surface Transportation Efficiency Act of 1991 (23 U.S.C. 149 
note; Public Law 102-240) is amended in the second sentence by striking 
``as many as 15 such State or local governments or public authorities'' 
and inserting ``States, local governments, and public authorities''.
    (b) Interstate System Reconstruction and Rehabilitation Pilot 
Program.--Section 1216(b)(2) of the Transportation Equity Act for the 
21st Century (23 U.S.C. 129 note; Public Law 105-178) is amended--
            (1) in the first sentence, by striking ``3'' and inserting 
        ``10''; and
            (2) by striking the second sentence.
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